Assume that five years ago you borrowed $417,000. The loan had an interest rate of 4.25% and the term of the loan is 30 year ( with payments required every month). If you made every required payment on time for the first 60 months of the loan, what is the current payoff on your loan ( that is, immediately after making the 60th payment)? Can you please show me how to do it on BA II PLUS if possible!
Assume that five years ago you borrowed $417,000. The loan had an interest rate of 4.25% and the term of the loan
is 30 year ( with payments required every month). If you made every required payment on time for the first 60 months of the loan, what is the current payoff on your loan ( that is, immediately after making the 60th payment)?
Can you please show me how to do it on BA II PLUS if possible!