Question: Read Example: Computing Payments and Generating an Amortization Schedule on page 38 in the manual of TI BA II Plus. Click the following button for
Read "Example: Computing Payments and Generating an Amortization Schedule" on page 38 in the manual of TI BA II Plus. Click the following button for help [Hints/Example) Now let us use a financial calculator to find the answer to the following question: The APR of a loan is 7.9%. The customer needs to make 5 payments each year. The loan must be paid off in 10 years. Suppose the principal of the loan is $94,025. Find the balance remaining on the loan after 8 years
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