Answer:
It is a possible explanation of events using prior knowledge
Step-by-step explanation:
Answer:
The principal amount was $23,393.45
Step-by-step explanation:
The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%
We will calculate Principal amount by this formula

Where A = amount (98,000)
P = Principal amount (P)
r = rate of interest 4.1% (0.041)
n = number of compounding interest monthly (12)
t = time (35 years)



98,000 = P(4.189386)
= 4.189386P = 98,000
P = 
P = 23,392.4494 ≈ $23,392.45
The principal amount was $23,393.45
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Answer:

Given:

Step-by-step explanation:
Property used: <em>An exterior angle of a triangle is equal to the sum of the opposite int</em><em>e</em><em>rior angles.</em>
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