How much principal have you paid during your holding period


Problem

You have owned an investment property for 7 years. At the time you acquired it, you paid $41,500,000. You financed 80% at a 3.65% interest rate, with 15-year amortization (monthly compounding).

1) How much principal have you paid during your holding period?
2) How much interest have you paid during your holding period?

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Financial Accounting: How much principal have you paid during your holding period
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