The Harrison originated a pool containing 40 ten-year fixed interest rate mortgages with an average balance of $50,000 each. All mortgages in the pool carry a coupon of 10%. (For simplicity, assume that all mortgage payments are made annually at 10% interest.). Assume a constant annual prepayment rate of 10% (for simplicity, assume that prepayments are based on the pool balance at the end of the preceding year and begin at the end of year 1). Below is the pools cash flows:

		Principal	Principal and
End of	Pool	due to	Interest Pmts
Year	Balance	Prepayment	to Issuer
1	1,674,509	200,000	325,491
2	1,383,747	167,451	290,763
3	1,124,372	138,375	259,375
4	893,419	112,437	230,952
5	688,284	89,342	205,136
6	506,716	68,828	181,568
7	346,862	50,672	159,854
8	207,384	34,686	139,478
9	87,891	20,738	119,493
10	0	0	(A)

What is the answer for the blank (A) in the table above?

	a.	$119,493
	b.	108,235
	c.	$96,680
	d.	$0.000