Question: Barbara Grey has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1,

Barbara Grey has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. 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) Principal Reduction Balance Interest Expense Cash Payment Period $ July 1. 2021 $ IN $ $

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