Part A 6 marks Cousins Ltd borrows $500.000 from the Bell Bank on 1st July 20X1. The loan is secured by a mortgage over real estate. The term of the loan is three years with a fixed compound interest of 6% per annum. The loan is repaid in 6 monthly instalments of interest and principal with the first instalment occurring on 31st December 20X1. These instalments are each $92,299 (to the nearest dollar). Required:- (a) A partially completed loan repayment schedule for the entire loan is provided below. Complete the schedule by inserting the correct numbers in the eight (8) vacant shaded cells. Round numbers to the nearest whole dollar. 3 marks Interest Opening Loan Instalment Instalment Principal Closing Loan Date Balance Paide Component Reduction Balance Se $e Se Se Se 31/12/X1 500,000 92,299 15,000 77,299 422,7012 30/06/X2 422,7012 92,299 12,6812 79.618 343,0832 31/12/X2 343,083 92,299 10,292 E- 261,076 30/06/X34 261,076 92,299 E- 84,4672 176,609 31/12/X34 176,609 92,299 E - 30/06/X44 E 92,296* E- E- 02 = last payment amount reflects prior roundings. *