Current Attempt in Progress Larkspur Construction Inc. needed financing to buy two Case graders. Larkspur receives $338,000 on January 1,2025 , when it issues a 5 -year, 5% mortgage note payable. The terms provide for semi-annual instalment payments on July 1 and January 1 , with fixed principal amounts. (a) Your answer is correct. Calculate the fixed principal amount required each six-month period. LARKSPUR CONSTRUCTIONINC. Instalment Payment Schedule - Fixed Principal Payments Interest Period Jan. 1, 2025 July 1 , 2025 Jan. 1 , 2026 July 1, eTextbook and Media