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could use a little help with this one Problem 4.LO4.13 Question Help You borrowed $250,000 exactly 4 years ago. The loan is structured as an
could use a little help with this one
Problem 4.LO4.13 Question Help You borrowed $250,000 exactly 4 years ago. The loan is structured as an amortized loan. The interest rate is 7% and you make quarterly (end-of-quarter) payments of $5,312.20. The loan is amortized over 25 years. How much principal have you paid over the first 4 years? How much principal have you paid over the first 4 years? $N (Round to the nearest dollar.)Step by Step Solution
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