Given the following information on a MPT, what is the servicing fee in year 3? Round your answer to two decimals. (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%, annual Servicing fee of 0.5% of the period's starting outstanding pool balance