Question: Problem 10-4A (Part Level Submission) Interactive Computer Company signed a 10-year, 6.8%, $728,350 mortgage on June 30, 2017, to help finance a new repair center.

Problem 10-4A (Part Level Submission) Interactive Computer Company signed a 10-year,

Problem 10-4A (Part Level Submission) Interactive Computer Company signed a 10-year, 6.8%, $728,350 mortgage on June 30, 2017, to help finance a new repair center. The mortgage terms provide for semi-annual blended principal and interest payments of $50,785. Payments are due on December 31 and June 30. The company's year end is June 30. (a) Prepare an instalment payment schedule for the first two years. (Round answers to the nearest whole dollar, e.g. 5,275.) Semi-annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance June 30, 2017 Dec. 31, 2017 June 30, 2018 Dec. 31, 2018 June 30, 2019

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