ABC bank can provide you with a 30- year 250,000 FA-FRM mortgage, with an annual interest rate of 7%. (a) Evaluate the monthly payments of this mortgage. (b) What will be the IRR on this mortgage? could you use BA II Plus texas instruments calculator

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Loans

A loan is a term that we are all familiar with. The processing of loans is one of the most important functions of a bank. It keeps our economy stable and facilitates the implementation of monetary policies. Let's take a look at the different forms of loans and get some answers to some common questions.