1. An analyst is considering an investment in a mortgage pass-through security. The collateral pool for the security contains fixed-rate, fully amortizing, monthly payment loans with a total par value of $10 million. The characteristics of the pool are:

Weighted Average Coupon	4.75%
Weighted Average Maturity	355 months
Pass-Through Rate	4.25%

The analyst is preparing a forecast of the projected monthly cash flow to investors in in the pass-through. Using a prepayment rate of 150 PSA, the analyst forecasts the following monthly mortgage payments for the pool:

Months from Now	Months Seasoned	Mortgage Payment
1	6	52,497.61
2	7	52,418.20
3	8	52,325.57
4	9	52,219.75
5	10	52,100.78

Based on this information, complete a forecast of the projected total cash flow to investors in the pool for the next five months.