What will be the amount of the final payment

Assignment Help Financial Management

Reference no: EM131815527

Please solve by explaining the button inputs on BA II Plus financial calculator.

Big Bank underwrites a $90,000,000, ten-year loan with a 20-year amortization on a portfolio of commercial property at an interest rate of 7% compounded monthly.

a) What is the monthly payment?

b) What will be the amount of the final payment at the end of the ten years?

Reference no: EM131815527

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