Aslam borrowed $23 000 from Meridian Credit Union at 4% p.

Payment No.   Balance Before Payment   Amount Paid   Interest Paid   Principal Repaid   Balance After Payment
0                $23,000.00
1    $23,000.00     $3,000.00     $76.67     $2,923.33     $20,076.67
2    $20,076.67     $3,000.00     $66.92     $2,933.08     $17,143.59
3    $17,143.59     $3,000.00     $57.15     $2,942.85     $14,200.73
4    $14,200.73     $3,000.00     $47.34     $2,952.66     $11,248.07
5    $11,248.07     $3,000.00     $37.49     $2,962.51     $8,285.56
6    $8,285.56     $3,000.00     $27.62     $2,972.38     $5,313.18
7    $5,313.18     $3,000.00     $17.71     $2,982.29     $2,330.89
8    $2,330.89     $2,338.66     $7.77     $2,330.89     $-