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A company issues a $250,000 mortgage payable with the following terms: 3% interest rate, 5-year term starting January 1, 2021. Semi-annual instalment payments are due

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A company issues a $250,000 mortgage payable with the following terms: 3% interest rate, 5-year term starting January 1, 2021. Semi-annual instalment payments are due on June 30 and December 31. A fixed principal payment of $25,000 is utilized for each instalment Required: Part A: What is the total cash payment made on June 30th (S)? NI Part B: What is the mortgage payable balance on July 1, 2021 ($)? Part C: What is the total amount of interest expense for 2021 (5)? Fir Tir

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