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Compute for the Interest, Principal and Principal Balance

Mathematics
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balance is $15,000.00 Montly payment $459.74 Rate of Interest is 6.5% What is the interest payment? What is the Principal? What is the Principal balance?
Sep 3rd, 2014

Interest = 15000*0.065/12 = 81.25

Principal = 459.74 -81.25 =378.49

Principal balance = 15000- 378.49= 14621.51

Sep 3rd, 2014

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Sep 3rd, 2014
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Sep 3rd, 2014
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