Please show how to solve using BA2 plus calculator functions LO3 55 Prepare an...
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Please show how to solve using BA2 plus calculator functions
LO3 55 Prepare an amortization schedule for a three-year loan of $57,000. The interest rate is 8 Amortization with Equal Payments percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan? Rework Problem 55 assuming that the loan agreement calls for a principal LO3 56 Amortization with Equal Principal Payments reduction of $19,000 every year instead of equal annual payments
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Please show how to solve using BA2 plus calculator functions