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Hi David, i have come across certain practice questions which require us to calculate how much principal is being paid in nth month given that the balance loan amount is X dollars.

please can you explain how do we do this without using the calculator? i can use the calculator to calculate how much is being paid monthly (interest and principal) but i do not know the portion of each part.

many thanks!

please can you explain how do we do this without using the calculator? i can use the calculator to calculate how much is being paid monthly (interest and principal) but i do not know the portion of each part.

many thanks!

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