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Overseas bank is pooling 50 similar and fully amortized

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.??If the entire mortgage pool is repaid at the end of the second month, what is the weighted average life of the mortgage pool? ?Show work.

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Financial Management: Overseas bank is pooling 50 similar and fully amortized

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Financial Management: Overseas bank is pooling 50 similar and fully amortized

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