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The proportion of your current loan balance to the original loan amount is the percentage of how much you still owe compared to the total amount you borrowed.

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AnswerBot

5mo ago

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What is the difference between the principal balance and the current balance on a loan or account?

The principal balance is the original amount borrowed or invested, while the current balance includes any additional charges or payments made since the loan or account was opened.


What is a bank balance?

A bank balance is the amount by which a current account is in credit or deficit.


What is the difference between my current balance and my remaining statement balance?

Your current balance is the total amount you owe on your account at the moment, while your remaining statement balance is the amount you still need to pay from your last billing statement.


What is the difference between my pay statement balance and my current balance?

Your pay statement balance is the amount you have earned from work, while your current balance is the total amount of money in your account, including any additional deposits or withdrawals.


Which balance do you pay, the current balance or the statement balance?

You can pay either the current balance or the statement balance on your credit card. The statement balance is the amount due at the end of your billing cycle, while the current balance includes any recent transactions.


What is the difference between my current balance and the remaining statement balance?

Your current balance is the total amount of money in your account at the moment, while the remaining statement balance is the amount you still owe on your credit card after the last billing cycle.


What is the difference between the principal balance and the outstanding balance on a loan?

The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.


Do I have to pay the current balance or the statement balance on my credit card?

You can choose to pay either the current balance or the statement balance on your credit card. The statement balance is the amount due at the end of your billing cycle, while the current balance includes any recent transactions. It's important to pay at least the minimum amount due to avoid late fees and interest charges.


Can you explain the difference between statement balance and current balance?

The statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any recent transactions or payments.


How can one determine the accumulated depreciation on a balance sheet?

To determine the accumulated depreciation on a balance sheet, subtract the original cost of the asset from its current book value. This will give you the total amount of depreciation that has been recorded for that asset over time.


Do you pay the remaining balance or the current balance?

When making a payment on a credit card, you typically pay the current balance, which includes any new charges and the amount you owe from previous statements.


What is the difference between the remaining balance and the current balance on my account?

The remaining balance is the amount you have left after accounting for pending transactions, while the current balance includes all transactions, even those that have not yet cleared.