Question: Create an amortization table for a 30 year, 5% fixed rate, $500,000 monthly-pay loan. What is the total amount of principal paid over the life

Create an amortization table for a 30 year, 5% fixed rate, $500,000 monthly-pay loan.

What is the total amount of principal paid over the life of the loan? Round to the nearest dollar and do not include a dollar sign in your answer.

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