ACMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $37 million of principal with a coupon rate of 3.50%, - Tranche investors own 517 million of principal with a coupon rate of 3.70%. Tranche Zinvestors own $1 million of principal with a coupon rate of 4.50%. The residual carries 51 million and receives all residual payments. Mortgages backing the security issued are fully amortizing fixed rate with mortgage rate of 4,50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. What is the balance on the Z-tranche at the end of the first month (same as the balance at beginning of the second month7 Round your answers to cents leg if your answer is $56000.0444, write 56000.04), ACMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $37 million of principal with a coupon rate of 3.50%, - Tranche investors own 517 million of principal with a coupon rate of 3.70%. Tranche Zinvestors own $1 million of principal with a coupon rate of 4.50%. The residual carries 51 million and receives all residual payments. Mortgages backing the security issued are fully amortizing fixed rate with mortgage rate of 4,50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. What is the balance on the Z-tranche at the end of the first month (same as the balance at beginning of the second month7 Round your answers to cents leg if your answer is $56000.0444, write 56000.04)