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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).

How would you do this using the calculator for the schedule?

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