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HW Score! 25%, TUI4 po 2 of 4 (2 complete) Score: 0 of 1 pt Problem 4.L04.13 (similar to) Question Help You borrowed $250,000 exactly

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HW Score! 25%, TUI4 po 2 of 4 (2 complete) Score: 0 of 1 pt Problem 4.L04.13 (similar to) Question Help You borrowed $250,000 exactly 7 years ago. The loan is structured as an amortized loan. The interest rate is 8% and you make quarterly (end-of-quarter) payments of 55,800.69. The loan is amortized over 25 years. How much principal have you paid over the first 7 years? How much principal have you paid over the first 7 years? (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check

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