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How much principal have you paid over the first 9 years

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Reference no: EM132171756

You borrowed $100,000 exactly 9 years ago. the loan is structured as an amortized loan. The interest rate is 6% and you make quarterly and end of quarter payments of $1937.06 the loan is amortized over 25 years. How much principal have you paid over the first 9 years?

Reference no: EM132171756

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