Question: You borrowed $ 3 5 0 , 0 0 0 1 2 years ago. The loan is structured as an amortized loan. The interest rate

You borrowed $350,00012 years ago. The loan is structured as an amortized loan. The interest rate is 10% and you make quarterly(end-of-quarter) payments of $9,559.16. The loan is amortized over 25 years. How much principal have you paid over the first 12 years?

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