1. You have owned an investment property for 11 years. At the time you acquired it, you paid $899,000. You financed 75% at a 5.50% interest rate, with 30 -year amortization. (monthly compounding). a. How much principal have you paid during your holding period? (Round your answer to the nearest dollar.) b. How much interest have you paid during your holding period? (Round your answer to the nearest dollar.) 2. You have owned an investment property for 4 years. At the time you acquired it, you paid $6,222,000. You financed 65% at a 4.75% interest rate, with 25 -year amortization (monthly compounding). a. How much principal have you paid during your holding period? (Round your answer to the nearest dollar.) b. How much interest have you paid during your holding period? (Round your answer to the nearest dollar.) 3. You have owned an investment property for 7 years. At the time you acquired it, you paid \$41,500,000. You financed 80% at a 3.65% interest rate, with 15 -year amortization (monthly compounding). a. How much principal have you paid during your holding period? (Round your answer to the nearest dollar.) b. How much interest have you paid during your holding period? (Round your answer to the nearest dollar.) 4. You are the owner of an investment property, which you initially purchased for $2,110,000. At the time of purchase, you financed 70% at a 5.10% interest rate, with 30 year amortization (monthly compounding). a. How much principal will you pay in year 6 of the loan? (Round your answer to the nearest dollar.) b. How much interest will you pay in year 6 of the loan? (Round your answer to the nearest dollar.)