You are working with a pool of 1,000 mortgages. Each mortgage is for $100,000 and has a stated annual interest rate (nominal) of 6.00%. The mortgages are all 30-year fixed rate and fully amortizing. Mortgage servicing fees are currently 0.25% annually. Complete the following table.

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eginning Required Balance Ending Balance Expected Servicing Month Pa Interest Principal 99,551 ent ees 1 100,000,000 500,000 18,685 33,322 99,750,430