Question: Coronado borrowed has just approached a venture capitalist for financing for her new business venture, Coronado Corporation, the development of a local ski hill. On

Coronado borrowed has just approached a venture capitalist for financing for her new business venture, Coronado Corporation, the development of a local ski hill. On July 1, 2022, Stacy borrowed $112,000 by signing a mortgage payable at an annual interest rate of 7%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2023 Coronado's year-end. (a) Prepare an amortization schedule for the 5-year term of the mortgage, assuming the payment is a blended principal and interest payment of $27,316. (Round answers to the nearest whole dollar, e.g. 5,275.) Innual Cash Interest Reduction of terest Principal Balance Payment Expense Principal 'eriod uly 1, $ 022 ine .. $ $ $ $ 123 ine 124 ine 2. 025 ine 2, 126 ine .. 127 tal
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