A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $81 million of principal with a coupon rate of 3.50%. - Tranche B investors own $65 million of principal with a coupon rate of 3.70%. - Tranche Z investors own $8 million of principal with a coupon rate of 4.50%. - The residual carries $1 million of principal and receives all residual payments. Mortgages backing the security issued are fully amortizing fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. How much interest accrues on tranche Zi.e. added to their principal owed) at the end of the first month? Round your answers to two decimal points (e. g. if your answer is $56000.0444, write 56000.04). A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $81 million of principal with a coupon rate of 3.50%. - Tranche B investors own $65 million of principal with a coupon rate of 3.70%. - Tranche Z investors own $8 million of principal with a coupon rate of 4.50%. - The residual carries $1 million of principal and receives all residual payments. Mortgages backing the security issued are fully amortizing fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. How much interest accrues on tranche Zi.e. added to their principal owed) at the end of the first month? Round your answers to two decimal points (e. g. if your answer is $56000.0444, write 56000.04)