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You purchase an office building for $14,000,000. The bank gives you a 75% LTV loan that amortizes monthly over a 25 year period. The loan

You purchase an office building for $14,000,000. The bank gives you a 75% LTV loan that amortizes monthly over a 25 year period. The loan maturity is 10 years. If the interest rate is 3.75%, what is the total principal paid in the 4th year? Show work with excel please.

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