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You borrowed $200,000 exactly 2 years ago. The loan is structured as an amortized loan. The interest rate is 7% and you make quarterly (end-of-quarter)

You borrowed $200,000 exactly 2 years ago. The loan is structured as an amortized loan. The interest rate is 7% and you make quarterly (end-of-quarter) payments of $4,249.76.

The loan is amortized over 25 years. How much principal have you paid over the first 2 years?

How much principal have you paid over the first 2 years?

If possible can you show the formula?

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