One hundred identical mortgages are pooled together into a pass-through security.Each mortgage has a $150,000 principal, a fixed annual interest rate of 8 percent (paid monthly), and is fully amortized over a term of 30 years. What is the monthly payment on the mortgage pass-through if a 44 basis point servicing fee is deducted monthly?
A)$105,499.
B)$114,700.
C)$11,340.
D)$1,055.
E)$1,277,494.

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The Answer of One hundred identical mortgages are pooled together into a pass-through security.Each mortgage has a $150,000 principal, a fixed annual interest rate of 8 percent (paid monthly), and is fully amortized over a term of 30 years. What is the monthly payment on the mortgage pass-through if a 44 basis point servicing fee is deducted monthly?
A)$105,499.
B)$114,700.
C)$11,340.
D)$1,055.
E)$1,277,494.

One Hundred Identical Mortgages Are Pooled Together into a Pass-Through