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1) On 31 O with the include i ctober 2017, Bitra Company incurs a 30-year $500,000 mortgage liability in conjunction e purchase of a hotel.
1) On 31 O with the include i ctober 2017, Bitra Company incurs a 30-year $500,000 mortgage liability in conjunction e purchase of a hotel. This mortgage is payable in equal monthly installments of $5,404 which interest computed at an annual rate of 12%. The first monthly payment is made on 30 November 2017. This mortgage is fully amortizing over 360 months. (a) Complete the amortization table for the first four payments by entering the correct dollar amount n the blank spaces provided. (10 points) Round to the nearest dollar. Reduction in Unpaid Unpaid Interest Period Interest Payment Date Monthly Payment Expense Balance Balance Issue date 2 4
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