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Consider a $1,000,000 mortgage with an APR of 4% (compounded semi-annually) that is to be amortized over 30 years. How much of the principal has

Consider a $1,000,000 mortgage with an APR of 4% (compounded semi-annually) that is to be amortized over 30 years. How much of the principal has been paid off half way through the amortization period, assuming monthly payments are made at the end of the month?


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