Answered: The principal amount of a loan is the…

The principal amount of a loan is the Blank______. Multiple choice question. amount that has been repaid original loan amount total interest owed total number of payments made

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter7: Credit Cards And Consumer Loans

Section7.5: Calculating Interest On Consumer Loans

Problem 1CC

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Question

The principal amount of a loan is the Blank______.

Multiple choice question.

amount that has been repaid

original loan amount

total interest owed

total number of payments made

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