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Compute for the Interest, Principal and Principal Balance


label Mathematics
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schedule 1 Day
account_balance_wallet $5

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?
Nov 24th, 2017

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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Nov 24th, 2017
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Nov 24th, 2017
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