Question

what is the principal amount
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Answer 1

Answer:

Principal. The total amount of money borrowed (or invested), not including any interest or dividends. Example: Alex borrows $1,000 from the bank. The Principal of the loan is $1,000.

Answer 2

Answer:

Step-by-step explanation:

1.The amount borrowed (such as the face value of a debt security), or the part of the amount borrowed which remains unpaid (excluding interest), here also called principal. 2. The part of a monthly payment that reduces the outstanding balance of a mortgage.