19. You are working with a pool of 1000 mortgages. Each mortgage is for $100,000 and has a stated annual interest rate (nominal) of 6.00 %. The mort- gages are all 30-year fixed rate and fully amortizing. Mortgage servicing fees are currently 0.25% annu- ally. Complete the following table.

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(1) (2) (3) (4) (5) (6) (7) Beginning Required Month 1 Balance 100,000,000 Payment Interest Principal Expected Servicing Prepayment Ending Fees Balance 500,000 99,551 16,665 2 33,322 99,750,430