Question: Presented below is a partial amortization schedule for a three - year installment note requiring monthly payments of $ 2 , 0 9 8 .

Presented below is a partial amortization schedule for a three-year installment note requiring monthly payments of $2,098.78.
(1)
Date(2)
Cash Paid(3)
Interest Expense(4)
Decrease in Carrying Value(5)
Carrying ValueCarrying Value Interest Rate(2)(3)Prior Carrying Value (4)11/1/2024$66,000.0011/30/2024$2,098.78$495.00$1,603.7864,396.2212/31/20242,098.78482.971,615.8162,780.4110/31/20272,098.7815.622,083.160
1. What is the principal amount of the note?

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