Overseas Bank Is Pooling 50 Similar and Fully Amortized Mortgages

question 41

Multiple Choice

Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security. The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum.
-For the first monthly payment, what are the interest and principal portions of the payment?

• A)$37,500 principal and $13,213 principal.
• B)$37,500 interest and $13,213 principal.
• C)$37,500 principal and $7,809 interest.
• D)$37,500 interest and $7,809 principal.
• E)$37,500 interest and $17,756 principal.

Identify and respect cultural variations in healthcare practices, including the use of alternative therapies.

Understand the roles of family and support systems in patient care from diverse cultures.

Acknowledge and address the ethical considerations in caring for non-English-speaking patients and those from different cultural backgrounds.

Understand the influence of cultural practices on healthcare utilization and the importance of cultural competence in nursing.

---

Definitions:

Credit Counseling

A service that offers guidance on how to improve credit scores and manage debt effectively.

Not-for-profit Organization

A not-for-profit organization is a type of organization that does not earn profits for its owners but uses the funds for its goals.

Freshmen

Students in their first year of study at a secondary or postsecondary educational institution.

Strategic Plans

Long-term organizational goals and the strategies to achieve them, typically involving an analysis of internal and external factors impacting the organization.