Question

The difference between the final amount and original principal is called​

Answer 1

Answer:

please help me friend mark me brillant please

Step-by-step explanation:

Principal is the money that you originally agreed to pay back. Interest is the cost of borrowing the principal. ... If you plan to pay more than your monthly payment amount, you can request that the lender or servicer apply the additional amount immediately to the loan principal.

Answer 2

Answer:

• The current principal balance is the amount still owed on the original amount financed without any interest or finance charges that are due. A payoff quote is the total amount owed to pay off the loan including any and all interest and/or finance charges.