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After the last monthly payment, the principal balance on a loan is $100,000 with an interest rate of 8% per year and constant payments of $734. What is the principal portion of …

After the last monthly payment, the principal balance on a loan is $100,000 with an interest rate of 8% per year and constant payments of $734. What is the principal portion of …
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After the last monthly payment, the principal balance on a loan is $100,000 with an interest rate of 8% per year and constant payments of $734. What is the principal portion of the next payment? A) $634 B) $534 C) $734 D) $100

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User Matthew McCullough
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Answer:

$734

Step-by-step explanation:we have to use formula : PRT

. ___

. 100

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User Bhavik
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