Question

1. Find the monthly payment of an $870,000 loan amortizing over 25 years at 12% 2. Calculate the monthly payment on a $450,00

please solve question 1 and 2 using TEXAS BAII Plus calculator, I can't get it right.

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Answer #1

1)

300 N Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8 Step 9 Step 10 Enter Press Enter Press Enter Press Enter Press

2)

360 N 0 FV Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8 Step 9 Step 10 Enter Press Enter Press Enter Press Enter P

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