Find How much principal remains owing today

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Problem 1: You bought a house 3 years ago. To finance the purchase, you took out a mortgage for $625,000. The interest rate on the mortgage is 7.3% and the amortization period is 35 years. You chose to make 26 payments per year and each payment is $1,878.68. Your last payment was yesterday. How much principal remains owing today?

Reference no: EM132716591

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