Question: Help with red please first three pictures are one problem the following three are another. Problem 15-4A Talkington Electronics issues a $361,500, 6%, 15-year mortgage

Help with red please first three pictures are one problem the following three are another.

following three are another. Problem 15-4A Talkington Electronics issues a $361,500, 6%,

15-year mortgage note on December 31, 2016. 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 $49,116. Payments are due on December 31 Your

Problem 15-4A Talkington Electronics issues a $361,500, 6%, 15-year mortgage note on December 31, 2016. 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 $49,116. Payments are due on December 31 Your answer is correct. Prepare an Installment payments schedule for the first 4 years.(Round answers to O decimal places, e.g. 15,2so.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue Date 3615 4911 27426 33407 491 20044 29072 4911 081 451

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