Given the following information on a MPT, what is the servicing fee in year 3? (Round your answer to the nearest dollar) (Note: You can perform this calculation with the spreadsheet or by completing it iteratively.) 10 year FRM, fully amortizing, annual payments. No prepayment or default 100 loans in the pool Average starting balance of $350,000/loan Mortgage rate 5% Servicing fee of 0.5% of starting outstanding pool balance