Respuesta :

juli20722

The current principal balance is $74, 693.24

Hope it helps :)

The current principal balance is $74,693.24.

Given that,

  • The interest portion of a monthly loan payment is $427.93.
  • And, the interest rate is 6.875%.

Based on the above information, the calculation is as follows:

Annual interest = $427.93 × 12

= $5,135.16

Now  

Principal is

= $5,135.16 ÷ .06875

= $74,693.24

Learn more: brainly.com/question/16911495

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