Question: 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

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).

Using the values provided in the amortization
H O 1 2 . 3 4 5 6 7 8 9 Beginning Pool Balance $9,500,000.00 $5,557,925.79 $4,142,200.85 $3,012,126.37 $2,117,472.22 $1,416,642.28 $875,468. 17 $466,441.94 $168,943.00 Principal Due to Prepayment $1,425,000.00 $1,097,955.98 $833,688.87 $621,330.13 $451,818.95 $317,620.83 $212,496.34 $131,320.22 Scheduled Principal and Interest PMTs $1,230,293.46 $1,029,810.10 $859,932.36 $715,854.40 $593,441.51 $489,082.72 $399,509.89 $321,479.41 $250,854.75 $177,390.15 $365,985.33 $277,896.29 $207,110.04 $150,606.32 $105,873.61 $70,832.11 $43,773.41 $23,322.10 $8,447.15 Scheduled Principal $755,293.46 $663,824.77 $582,036.07 $508,744.36 $442,835.19 $383,209.11 $328,677.77 $277,706.00 $227,532.65 $168,943.00 Total Principal and Interest PMTS to Issuer $2,655,293.46 $2,127,766.08 $1,693,621.23 $1,337,184.53 $1,045,260.47 $806,703.55 $612,006.23 $452,799.63 $320,821.04 $177,390. 15

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