Question: Par -A Sheridan borrowed has just approached a venture capitalist for financing for her new business venture, Sheridan Corporation, the development of a local ski

Par -A

financing for her new business venture, Sheridan Corporation, the development of a

Sheridan borrowed has just approached a venture capitalist for financing for her new business venture, Sheridan Corporation, the development of a local ski hill. On July 1, 2022. Stacy borrowed $108,000 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 Sheridan'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 $26, 340. (Round answers to the nearest whole dollar, eg. 5,275) Annual Interest Cash Payment Interest Expense Reduction of Principal Princip Baland Period July 1 2022 June 30. 2023 5 $ June 30 2024 Annual Interest Cash Payment Interest Expense Reduction of Principal Princip Balanc Period July 1 2022 June 30, $ $ 2023 June 30 2024 June 30 2025 June 30 2026 June 30. 2027 Total

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