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Math of Finance | Amortization schedule with BA II plus calculator
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Dr. Kate Zhang, Professor at Humber College solving:
Amortization schedule with BA II plus calculator
Question 3: John is paying $2,000 at the end of every three months to settle a loan of $8,000.00 at 4.5% compounded semi-annually.
(a) Calculate the number of payments required.
(b) Construct an amortization schedule.
Amortization schedule with BA II plus calculator
Question 3: John is paying $2,000 at the end of every three months to settle a loan of $8,000.00 at 4.5% compounded semi-annually.
(a) Calculate the number of payments required.
(b) Construct an amortization schedule.
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