Question: Using the values provided in the following MPT cash flows table, find the dollar amount of the scheduled principal portion of the payment in the
Using the values provided in the following MPT cash flows table, find the dollar amount of the scheduled principal portion of the payment in the fourth 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 Beginning Pool Principal Due to Total Principal and Principal and Year Scheduled Principal Interest PMTS to Balance Prepayment Interest PMTS Interest Paid Paid Issue 1 $8,500,000.00 $1,275,000.00 $1,154,877.64 $425,000.00 $729,877.64 $2.429,877.64 2 $6,495, 122.36 $974,268.35 $954,927.41 $324,756.12 $630,171.29 $1,929,195.76 3 $4,890,682.71 $733,602,41 $787,575.70 $244,534.14 $543,041.57 $1,521,178.11 4 $3,614,038.74 $542,105.81 $647,400.90 $180,701.942 $1,189,506.71 5 $2,605,233.97 $390,785.10 $529,807.23 $130,261.70 $399,545.53 $920,592.32 6 $272,235.50 $430,851.52 $1,814,903.35 $90,745.17 $340,106.35 $703.087.02 $180,384.22 7 $347.049.02 $286,920.94 $1,202,561.49 $60,128.07 $527,433.24 $238,303.79 $36,762.82 $275,066.61 $385.355.06 $110,288.45 $735,256.33 8 $268.900.47 $19,333.20 $57,999.61 $191,567.65 $210,900.86 $386,664.09 9 $145,37253 $138.467.79 $6,854.84 $0.00 $145,322 63 $137,096.82 10
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