How much principal have paid over the first nine year

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Problem 1: You borrowed ?$150,000 exactly 9 years ago. The loan is structured as an amortized loan. The interest rate is 3?% and you make quarterly? (end-of-quarter) payments of ?$2137.52. The loan is amortized over 25 years. How much principal have you paid over the first 9 ?years?

Reference no: EM132485158

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