Write any formula you use, and explain how you arrive at the answer in your own words.

Write the name of any financial function you use, the inputs to it, and your input entries so I can understand how you got to your solution.

1- You buy a factory for $250,000 and the terms are 20 percent down (loan amount is $200,000), with the balance to be paid off in 30 equal annual payments over 30 years at a 12 percent interest rate. Draw a time line for the cash flows, calculate the amount for the 30 equal annual payments and the remaining balance after the second years payment is made?

BA ll Plus will do you just need to use the input what you used, along with the input entries. As well explain how you arrive at the answer in your own words so I can understand it better.