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You currently are making payments on a personal loan from your credit union. The loan is a 5-year amortizing loan at an APR of 9.8%.
You currently are making payments on a personal loan from your credit union. The loan is a 5-year amortizing loan at an APR of 9.8%. You make payments on the loan of $2,415 per quarter (every 3 months). Just now, you made the 9th payment on the loan; your next payment is due three months from today. What is the principal balance on your loan today, after the quarterly payment you made earlier today
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