Question: Using the values provided in the amortization table, find the interest payment in the fifth year of the loan. Express your answer as a number

 Using the values provided in the amortization table, find the interest

Using the values provided in the amortization table, find the interest payment in the fifth 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). 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 $8,000,000.00 $400,000.00 $937,844.05 $400,000.00 $537,844.05 $1,337,844.05 2 $7,062,155.95 $353,107.80 $907,019.93 $353,107.80 $553,912.13 $1,260,127.72 3 $6,155,136.02 $307,756.80 $876,838.45 $307,756.80 $569,081.65 $1,184,595.25 4) $5,278,297.57 $263,914.88 $847,200.30 $263,914.88 $583,285.42 $1,111,115.18 5 $4,431,097.27 $221,554.86 $817,969.48|? $596,414.62 $1,039,524.34 6) $3,613,127.79 $180,656.39 $788,942.97 $180,656.39 $608,286.58 $969,599.36 71 $2,824,184.82 $141,209.24 $759,782.10 $141,209.24 $618,572.86 $900,991.34 8 $2,064,402.72 $103,220.14 $729,829.05 $103,220.14 $626,608.91 $833,049.18 9 $1,334,573.68 $66,728.68 $697,462.67 $66,728.68 $630,733.98 $764,191.35 10 $637,111.01 $0.00 $656,224.34 $31,855.55 $624,368.79 $656,224.34

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