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).

Scheduled Year Beginning Pool Balance Principal Due to Prepayment Principal and Interest

Scheduled Year Beginning Pool Balance Principal Due to Prepayment Principal and Interest PMTS Total Principal and Scheduled Principal |Interest PMTS to Interest Paid Paid Issuer 1 $9,500,000.00 $1,425,000.00 $1,230,293.46 $475,000.00 $755,293.46 $2,655,293.46 23 2? $1,097,955.98 $1,029,810.10 $365,985.33 $663,824.77 $2,127,766.08 3 $5,557,925.79 $833,688.87 $859,932.36 $277,896.29 $582,036.07 $1,693,621.23 45 $4,142,200.85 $621,330.13 $715,854.40 $207,110.04 $508,744.36 $1,337,184.53 $3,012,126.37 $451,818.95 $593,441.51 $150,606.32 $442,835.19 $1,045,260.47 6 $2,117,472.22 $317,620.83 $489,082.72 $105,873.61 $383,209.11 $806,703.55 7 $1,416,642.28 $212,496.34 $399,509.89 $70,832.11 $328,677.77 $612,006.23 8 $875,468.17 $131,320.22 $321,479.41 $43,773.41 $277,706.00 $452,799.63 9 $466,441.94 $69,966.29 $250,854.75 $23,322.10 $227,532.65 $320,821.04 10 $168,943.00 $0.00 $177,390.15 $8,447.15 $168,943.00 $177,390.15

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