Question: 3. (6 points) You purchased some land for $200,000 with a 10-year fully amortized loan and a 10% annual interest rate. How much principal do

3. (6 points) You purchased some land for $200,000 with a 10-year fully amortized loan and a 10% annual interest rate. How much principal do you still owe on the loan after 7 years of payments

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