How much principal have you paid over the first ten years

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Reference no: EM131562447

You borrowed $100,000 exactly 10 years ago. The loan is structured as an amortized loan The interest rate is 7% and you make quarterly (end-of-quarter) payments of $2, 124, 88. The loan is amortized over 25 years. How much principal have you paid over the first 10 years?

How much principal have you paid over the first 10 years? $ (Round to the nearest dollar.)

Reference no: EM131562447

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