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Business, 08.04.2021 20:20 joelleygonzalez5792

A three-class (Class A, B, and C) sequential pay CMO starts with an $80 million principal amount in each class. The mortgages in the pool have a 7 percent interest rate. The CMO classes receive monthly payments. During the first month, $1 million in interest is received from mortgage holders and $1.5 million in principle. What principal amounts are outstanding for each class during the second month

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