Consider the following mortgage: Loan amount $265,770 30 year maturity with monthly payments Fully amortizing Fixed interest rate at 4% Suppose the investors use 50% PSA model to predict prepayments. What would be their prediction for the dollar amount of prepayments in the first month? Round your answer to the nearest cent(e.g. if you answer is $1,400.677777, write 1400.68)