You just got a term loan from your bank. You will pay at the end of each month for the next 10 years. What is the contractual value at the end of the 9th month? Loan principal Term (years) Term (months) Annual interest rate Monthly interest rate 150,000 10 120 6% 0.50% You can either prepare an amortization table or use the excel functions to solve the problem. Either way, show your computation steps.

You just got a term loan from your bank. You will pay at the end of each month for the next 10 years. What is the contractual value at the end of the 9th month? You can ether prepare an amontication table or use the excel functions to solve the problem. Ether way, show your computation ateps