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What are the amortized loan payment

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Reference no: EM132715434

You borrow $130,000. The loan is structured as an amortized loan to be repaid with 24 (end-of-period) payments per year. The lender is charging you a rate of 2.5% APR? Using the BAII Texas Instruments calculator, what are the steps to calculate

a. What are the amortized loan payment

b. How much do you owe after 2 years?

c. After two years how much interests have you paid?

d. Today is the two year anniversary of the loan and you just made your loan payment. How much interest will be included in your next loan payment

Reference no: EM132715434

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