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Old 11-02-2011, 12:58 AM
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Default Probability Problem - The monthly mortgage...
...payment inncluding P&I =982? The average monthly mortgage payment including principal and interest is $982 in the US. The standard deviation is approximately $180 and mortgage payments are normally distributed. Find the probability that a randomly selected monthly payment is less tha $750.
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Old 11-02-2011, 03:34 PM
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