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please answer both, thank you Assume debt payment 1 totals $2,100 ( $1,500 principal and $600 interest expense), payment 2 totals $2,000 ( $1,500 principal
please answer both, thank you
Assume debt 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 schedule's "Remaining Principal Balance" column after these payments amounts to $100,000, what is the balance in the column before these payments? $103,000 $97,000 $104,100 $95,900 The total debt payment is $1,600, the remaining principal balance before the next payment was $48,400, and the principal amount of this payment is $1,200. What would the remaining principal balance be after the payment? $48,000 $47,200 $46,800 $49,200 Step by Step Solution
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