How much principal have you paid over the first three years

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You borrowed $100,000 exactly 3 years ago. The loan is structured as an amortized loan. The interest rate is 6% and you make quarterly (end-of-quarter) payments of $1, 937.06. The loan is amortized over 25 years. How much principal have you paid over the first 3 years?

How much principal have you paid over the first 3 years?

Reference no: EM131445570

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How much principal have you paid over the first three years : You borrowed $100,000 exactly 3 years ago. The loan is structured as an amortized loan. The interest rate is 6% and you make quarterly (end-of-quarter) payments of $1, 937.06. The loan is amortized over 25 years. How much principal have you paid over..

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