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:

Discriminating

The practice of unjustly distinguishing and treating individuals differently based on characteristics such as race, gender, or age.

Welfare of Society

A measure of the overall well-being and quality of life of the population, encompassing economic, social, and environmental dimensions.

Bridge Project

An engineering endeavor aimed at constructing a bridge, which is a structure built to span physical obstacles without closing the way underneath.

Benefits

The advantages or profits gained from something, including goods, services, or actions.