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

her new business venture, Sunland Corporation, the development of a local ski

hill. On July 1, 2022, Stacy borrowed 5114.000 by signing a mortgage

Sunland borrowed has just approached a venture capitalist for financing for her new business venture, Sunland Corporation, the development of a local ski hill. On July 1, 2022, Stacy borrowed 5114.000 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 Sunland's year-end. Prepare an amortization schedule for the 5-year term of the mortgage, assuming the payment is a blended principal and interest payment of $27,804. (Round answers to the nearest whole dollar, eg. 5,275.) Cash Interest Annual Interest Period Reduction of Payment Expense Principa Balance Principal July 1. 2022 June 30. 2023 $ $ $ 1 June 30. 2024 June 30. 2025 June 30. June 30. 2027 Total

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