Question: ( Q ) You took out a fully amortizing 3 0 - year fixed rate $ 6 0 0 , 0 0 0 mortgage with

(Q) You took out a fully amortizing 30-year fixed rate $600,000 mortgage with 7.5%
contract interest rate. After you completed two full years of payments, how much have
you paid toward principal?
(Q) You took out a fully amortizing 30-year fixed rate $600,000

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