Question: Using the values provided in the amortization table,find the dollar amount of prepayment in the third yearof the loan. Express your answer as a number

Using the values provided in the amortization table,find the dollar amount of prepayment in the third yearof 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
Scheduled Principal and Interest PMTs Total Principal and Scheduled Principal Interest PMTS to Interest Paid ' Issuer Beginning Pool Balance Principal Due to Prepayment 1 2 3 4 5 6 7 8 9 H O $8,500,000.00 $6,549,211.11 $4,972,880.97 ? $3,706,179.71 $2,695,060.43 $1,894,580.41 $1,267,522.04 $783,313.62 $417,342.79 $151,159.52 $1,275,000.00 $982,381.67 $555,926.96 $404,259.06 $284, 187.06 5190, 128.31 $117,497.04 $1,100,788.89 $921,409.04 $769,413.16 $640,501.30 $530,973.98 $437,600.33 $357,456.21 $287,639.47 $224,448.99 $158,717.50 $425,000.00 $327,460.56 $248,644.05 $185,308.99 $134,753.02 $94,729.02 $63,376.10 $39,165.68 $20,867.14 $7,557.98 $675,788.89 $593,948.48 $520,769.11 $455,192.32 $396,220.96 $342,871.31 $294,080.11 $248,473.79 $203,581.85 $151,159.52 $2,375,788.89 $1,903,790.70 $1,515,345.31 $1,196,428.26 $935,233.05 $721,787.39 $547,584.52 $405,136.51 $287,050.41 $158,717.50

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