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On December 31, 2021, Tian Inc. issued a $500,000, 15-year, 8% mortgage note payable. The terms provide for semi-annual blended payments of $28,915 on June

On December 31, 2021, Tian Inc. issued a $500,000, 15-year, 8% mortgage note payable. The terms provide for semi-annual blended payments of $28,915 on June 30 and December 31. (a) Prepare an instalment payment schedule for the first two years of the note (through to December 31, 2023).

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