Using the values provided in the amortization table,find the beginning pool balance in the second year of the loan. Express your answer as a number rounded to two decimal points (e.g. is your answer is $4,500.57, write 4500.57).

Transcribed Image Text:

Scheduled Year Beginning Pool Balance Principal Due to Prepayment Principal and Interest PMTS Total Principal and Scheduled Principal |Interest PMTS to Interest Paid Paid Issuer 1 $9,500,000.00 $1,425,000.00 $1,230,293.46 $475,000.00 $755,293.46 $2,655,293.46 23 2? $1,097,955.98 $1,029,810.10 $365,985.33 $663,824.77 $2,127,766.08 3 $5,557,925.79 $833,688.87 $859,932.36 $277,896.29 $582,036.07 $1,693,621.23 45 $4,142,200.85 $621,330.13 $715,854.40 $207,110.04 $508,744.36 $1,337,184.53 $3,012,126.37 $451,818.95 $593,441.51 $150,606.32 $442,835.19 $1,045,260.47 6 $2,117,472.22 $317,620.83 $489,082.72 $105,873.61 $383,209.11 $806,703.55 7 $1,416,642.28 $212,496.34 $399,509.89 $70,832.11 $328,677.77 $612,006.23 8 $875,468.17 $131,320.22 $321,479.41 $43,773.41 $277,706.00 $452,799.63 9 $466,441.94 $69,966.29 $250,854.75 $23,322.10 $227,532.65 $320,821.04 10 $168,943.00 $0.00 $177,390.15 $8,447.15 $168,943.00 $177,390.15 Scheduled Year Beginning Pool Balance Principal Due to Prepayment Principal and Interest PMTS Total Principal and Scheduled Principal |Interest PMTS to Interest Paid Paid Issuer 1 $9,500,000.00 $1,425,000.00 $1,230,293.46 $475,000.00 $755,293.46 $2,655,293.46 23 2? $1,097,955.98 $1,029,810.10 $365,985.33 $663,824.77 $2,127,766.08 3 $5,557,925.79 $833,688.87 $859,932.36 $277,896.29 $582,036.07 $1,693,621.23 45 $4,142,200.85 $621,330.13 $715,854.40 $207,110.04 $508,744.36 $1,337,184.53 $3,012,126.37 $451,818.95 $593,441.51 $150,606.32 $442,835.19 $1,045,260.47 6 $2,117,472.22 $317,620.83 $489,082.72 $105,873.61 $383,209.11 $806,703.55 7 $1,416,642.28 $212,496.34 $399,509.89 $70,832.11 $328,677.77 $612,006.23 8 $875,468.17 $131,320.22 $321,479.41 $43,773.41 $277,706.00 $452,799.63 9 $466,441.94 $69,966.29 $250,854.75 $23,322.10 $227,532.65 $320,821.04 10 $168,943.00 $0.00 $177,390.15 $8,447.15 $168,943.00 $177,390.15

Answer rating: 100% (QA)

Given Amortization table with beginning pool balances for each year T... View the full answer