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Your mortgage loan has a principal of $250,000, an amortization period of 25 years and a quoted rate of 3%. You elect to make semimonthly

Your mortgage loan has a principal of $250,000, an amortization period of 25 years and a quoted rate of 3%. You elect to make semimonthly payments of $591.19. How much principal do you pay in the first year?

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