Question: FRM. (Term=30 years, Note Rate = 4.25%, Loan Amount = 800,000 Points=2) After 1 year, how much will Julie have paid into principal? please write

FRM. (Term=30 years, Note Rate = 4.25%, Loan Amount = 800,000 Points=2) After 1 year, how much will Julie have paid into principal?

please write out how the solution was found

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