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Question: You borrowed $200,000 exactly 10 years ago. The loan is structured as an amortized loan. The interest rate is 7% and you make quarterly (end-of-quarter payments of S4,249.76. The loan is amortized over 25 years. How much principal have you paid over the first 10 years? How much principal have you paid over the first 10 years? (Round to the nearest dollar.)

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