Question: Please show work! Question 8 0 / 10 pts You borrow $ 868,500.58 to buy a house. The mortgage rate is 13.79% APR and the

Please show work! Question 8 0 / 10 pts You borrow

Please show work!

Question 8 0 / 10 pts You borrow $ 868,500.58 to buy a house. The mortgage rate is 13.79% APR and the loan period is 27 years. Payments are made monthly. How much PRINCIPAL is repaid between months 231 and 316 ? Assume no prepayments and that you otherwise pay for the house according to the loan agreement

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