CHAPTER 17 LECTURE - MIT OpenCourseWare

Constant Payment Mortgage (CPM) 0 2000 4000 6000 8000 10000 12000 14000 1 61 121 181 241 301 PMT Number $ PMT INT 10-yr maturity: 30-yr amort Î 10286 pmt, 934000 balloon 20-yr amort Î 11010 pmt, 770000 balloon. 934 10286 11010 770 ................
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