Question

If you borrow $5000 to remodel a home at 5% interest, what is the principle

Answer 1

Wouldn't it be available credit line because that =5,ooo$ and you were asking what the principle was so i think it's available credit line.
Hope I helped :)

Answer 2

5000

Step-by-step explanation:

5,000 is the principal. This is the amount you received from the lender.