Calculate the expression:
[tex]\begin{gathered} (-1)(-1)(1237.15) \\ (-1)^2(1237.15) \\ 1\cdot1237.15 \\ 1237.15 \end{gathered}[/tex]If the original loan was $15234.68. If the total payments add $1237.15, we can calculate the remaining loan as:
[tex]15234.68-1237.15=13997.53[/tex]The net change is equal to -1237.15 as this is the amount the loan decrease before and after the payments.
Answer:
Payments: $1237.15
Net change in the loan: $-1237.15.
