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Assume Payment 1 totals $2,100 ($1,500 principal and $600 interest expense), Payment 2 totals $2,000 ($1,500 principal and $500 interest expense), and the remaining principal
Assume Payment 1 totals $2,100 ($1,500 principal and $600 interest expense), Payment 2 totals $2,000 ($1,500 principal and $500 interest expense), and the remaining principal balance after these two payments is $100,000. If the amortization schedules Remaining Principal Balance column after these payments amounts to $100,000, what is the balance in this column before these payments?
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