A loan is paid off in 15 years with a total of $192,000. It had a 4% interest rate that compounded monthly.

What was the principal?

$105,477.02

Step-by-step explanation:

To solve this problem, we need to use a modified version of the compound interest formula:

A = total balance

r = interest rate

n = number of times compounded annually

t = time

First, change 4% to its decimal form:

4% -> -> 0.04

Now, plug in the values:

The principal was $105,477.02

dude   i don't even know. i've been trying for hours.

step-by-step explanation:

step-by-step explanation:

ok so im not 100% sure but you would start by adding 5.1t and 1.9t beacuse they have the same variable. that is 7t.   then add -3.6 + 1.2 which is -2.4

so then keep that as -2.4 + 7t. i apologize if this is incorrect. best luck on your test < 3