Question: Barbara Grey has just approached a venture capitalist for financing for her new business venture, the development of a locaiskinis On July 1, 2021, Barbara

Barbara Grey has just approached a venture capitalist for financing for her new business venture, the development of a locaiskinis On July 1, 2021, Barbara was loaned $168.000 at an annual interest rate of 5%. The loan is repayable over 5 years in annual installments of $38,804, principal and interest, due each June 30. The first payment is due June 30, 2022, Barbara uses the effective interest method for amortizing debt. Her ski hill company's year-end will be June 30. (a) Prepare an amortization schedule for the 5 years, 2021-2026. (Round answers to decimal places, eg 125. Period Cash Payment Interest Expense Principal Reduction Balance July 1 2021 $ $ June 30, 2022 June 30. 2023 Question 15 of 15 - 1213 Period Payment Expense Balance Reduction July 1. 2021 $ 5 June 30. 2022 June 30, 2023 June 30 2024 June 30 2025 June 30. 2026 $ Total $

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