[3:12 p.m., 2020-08-10] Chotu: The following instalment payment schedule is for an instalment note payable:

Interest Period Cash

Payment Interest

Expense Reduction

of Principal Principal

Balance

Jan. 1, 2021 $188,000

July 1, 2021 $31,020 $7,520 $23,500 164,500

Jan. 1, 2022 30,080 6,580 23,500 141,000

July 1, 2022 29,140 5,640 23,500 117,500

Jan. 1, 2023 28,200 4,700 23,500 94,000

Is this a fixed principal or blended payment schedule?