Question: Carla Vista Electronics issues a $353,500, 3%, 15-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing

Carla Vista Electronics issues a $353,500, 3%, 15-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $41,441. Payments are due on December 31. Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal places, e.g. 15,250.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Issue Date 1 Senter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount 2 Senter a dollar amount enter a dollar amount enter a dollar amount Principal Balance Senter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Senter a dollar amount enter a dollar amount enter a dollar amount 3 4
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