tharaniaarani tharaniaarani

20-04-2022
Mathematics

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How do we find the difference between principal and interest?

Respuesta :

20-04-2022

Answer:

Principal is the money that you originally agreed to pay back. Interest is the cost of borrowing the principal.

Step-by-step explanation:

First, calculate the interest portion of the payment by multiplying the mortgage balance by the annual interest rate. Then divide the result by 12, for the number of months in the year:

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