Question: Using the values provided in the following MPT cash flows table, find the beginning pool balance in the second year of the loan. Express your
Using the values provided in the following MPT cash flows 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 Total Principal and Beginning Pool Principal Due to Principal and Scheduled Principal interest PMTS to Year Balance Prepayment Interest PMTS Interest Paid Paid Issuer 1 $9,500,000.00 $1,425,000.00 $1,230,293.46 $475,000.00 $755,293.46 $2,655,293.46 212 $1,097,955.98 $1,029,810.10 $365,985.33 $663,824.77 $2,127,766.08 31 $5,557,925.79 $833,688.87 $859,932.36 $277,896.29 $582,036.07 $1,693,621.23 4 $4,142,200.85 $621,330.13 $715,854.40 $207,110.04 $508,744.36 $1,337,18453 5 $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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
