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Current Attempt in Progress Bramble borrowed has just approached a venture capitalist for financing for her new business venture, Bramble Corporation, the development of a

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Current Attempt in Progress Bramble borrowed has just approached a venture capitalist for financing for her new business venture, Bramble Corporation, the development of a local ski hill. On July 1, 2022, Stacy borrowed $141,000 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 Bramble's year-end. (a) Prepare an amortization schedule for the 5-year term of the mortgage, assuming the payment is a blended principal and interest payment of $34,389. (Round answers to the nearest whole dollar, eg. 5,275.) Annual Cash Interest Reduction of Interest Principa Balance Payment Expense Principal Period July 1, 2022 -/10 Prepare an amortization schedule for the 5-year term of the mortgage, assuming the payment is a blended principal and interest payment of $34,389. (Round answers to the nearest whole dollar, eg. 5,275.) Annual Cash nterest Interest Reduction of Payment Principal Balance Period Expense Principal July 1, 2022 14 June $ 9870 34,389.00 $ 1 24519 30, 2023 w June 8154 26235 34389 30. 2024 June 6317 28072 34389 30. 2025 June 31C Mostly cloudy. - -/10 iii UE une 34389 8154 024 26235 ane 34389 . 25 6317 28072 ne 34389 4352 30037 .. 26 ne 2252 34389 32137 ni . 27 I tal Attempts: 0 of 1 used Submit Answer ast saved 38 minutes ago

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