Question: 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
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). Year Scheduled Total Principal and Beginning Pool Principal Due to Principal and Scheduled Principal Interest PMTS to Balance Prepayment Interest PMTS Interest Paid Paid Issuer 1 $8,500,000.00 $425,000.00 $1,154,877.64 $425,000.00 $729,877.64 7 2 $7,345,122.36 $367,256.12 $1,079,896.31 $367,256.121 $712,640.19 $1,447,152.42 3 $6,265,226.05 $313,261.30 $1,008,926.58 $313,261.30 $695,665.28 $1,322,187.89 4 $5,256,299.47 $262,814.97 $941,587.30 $262,814.97 $678,772.33 $1,204,402.27 5 $4,314,712.17 $215,735.61 $877,451.21 $215,735.61 $661,715,60 $1,093,186.82 6 $3,437,260.96 $171,863.05 $815,993.38 $171,863.05 $644,130.33 $987,856.43 7 $2,621,267.58 $131,063.38 $756,475.52 $131,063.38 $625,412.14 $887,538.90 8 $1,864,792.06 $93,239.60 $697,637.01 $93,239.60 $604,397.40 9 $1,167,155.05 $790,876.61 $58,357.75 $636,609.42 $58,357.75 $578,251.67 10 $530,545.63 $694,967.18 $0.00 $562,378.36 $26,527.28 $535,851.08 $562,378.36 59 late
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