26-109 If the Entire Mortgage Pool Is Repaid at the End

question 105

Multiple Choice

26-109 If the entire mortgage pool is repaid at the end of the second month,what is the weighted average life of the mortgage pool?

• A)2.10 months.
• B)2 months.
• C)1.997 months.
• D)1.95 months.
• E)1.90 months.

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Definitions:

Stator

The stationary windings of wire in an AC generator. Stator windings occur in two different configurations, the wye winding and the delta winding.

Windings

Coils of wire, typically copper, wound around a core or form, used in electrical machines and devices to generate magnetic fields or induce voltages.

Drive Gear

A gear that transmits power from the engine to the drivetrain in a vehicle, facilitating movement.

Armature

The rotating coil or core of a generator or motor on which the winding is placed and electrical current is induced.