Using the values provided in the amortization table,find the total principal and interest payments that the issuer received in the first year. Express your answer as a number rounded to two decimal points (e.g. is your answer is $4,500.57, write 4500.57).

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Year 1 $8,500,000.00 2 $7,345,122.36 3 $6,265,226.05 $5,256,299.47 5 $4,314,712.17 6 $3,437,260.96 7 $2,621,267.58 8 $1,864,792.06 9 $1,167,155.05 $530,545.63 10 4 Beginning Pool Balance LO Principal Due to Prepayment $425,000.00 $367,256.12 $313,261.30 $262,814.97 $215,735.61 $171,863.05 $131,063.38 $93,239.60 $58,357.75 $0.00 Scheduled Principal and Interest PMTS Interest Paid $1,154,877.64 $425,000.00 $1,079,896.31 $367,256.12 $1,008,926.58 $313,261.30 $941,587.30 $262,814.97 $877,451.21 $215,735.61 $815,993.38 $171,863.05 $756,475.52 $131,063.38 $697,637.01 $93,239.60 $636,609.42 $58,357.75 $562,378.36 $26,527.28 Total Principal and Scheduled Principal Interest PMTS to Paid Issuer $729,877.64? $712,640.19 $695,665.28 $678,772.33 $661,715.60 $644,130.33 $625,412.14 $604,397.40 $578,251.67 $535,851.08 $1,447,152.42 $1,322,187.89 $1,204,402.27 $1,093,186.82 $987,856.43 $887,538.90 $790,876.61 $694,967.18 $562,378.36 Year 1 $8,500,000.00 2 $7,345,122.36 3 $6,265,226.05 $5,256,299.47 5 $4,314,712.17 6 $3,437,260.96 7 $2,621,267.58 8 $1,864,792.06 9 $1,167,155.05 $530,545.63 10 4 Beginning Pool Balance LO Principal Due to Prepayment $425,000.00 $367,256.12 $313,261.30 $262,814.97 $215,735.61 $171,863.05 $131,063.38 $93,239.60 $58,357.75 $0.00 Scheduled Principal and Interest PMTS Interest Paid $1,154,877.64 $425,000.00 $1,079,896.31 $367,256.12 $1,008,926.58 $313,261.30 $941,587.30 $262,814.97 $877,451.21 $215,735.61 $815,993.38 $171,863.05 $756,475.52 $131,063.38 $697,637.01 $93,239.60 $636,609.42 $58,357.75 $562,378.36 $26,527.28 Total Principal and Scheduled Principal Interest PMTS to Paid Issuer $729,877.64? $712,640.19 $695,665.28 $678,772.33 $661,715.60 $644,130.33 $625,412.14 $604,397.40 $578,251.67 $535,851.08 $1,447,152.42 $1,322,187.89 $1,204,402.27 $1,093,186.82 $987,856.43 $887,538.90 $790,876.61 $694,967.18 $562,378.36

Answer rating: 100% (QA)

Answer Total Principle and Interest PMTS to issu... View the full answer