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Your mortgage loan had a principal of $ 1 0 0 , 0 0 0 when you first borrowed the money five years ago. The

Your mortgage loan had a principal of $100,000 when you first borrowed the money five years ago. The mortgage had an amortization period of 60 years and the quoted rate on the loan was 8%. You chose to make semi-monthly payments (two payments per month). The payments are $330.36. How much principal have you paid after 5 years of payments? (You just made your 120th payment yesterday.) Express your answer as a percentage of the original principal ($100,000).

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