Lets say that the restaurant owner in Problem 4 above decides to go with the amortized loan

Question:

Let’s say that the restaurant owner in Problem 4 above decides to go with the amortized loan option and after having paid 2 payments decides to pay off the balance. Using an amortization schedule calculate his payoff amount.
Amount of loan = $50,000; Interest rate = 8%; Term = 5 years
Annual payment = $12,522.82