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Pharoah Electronics issues a $361,500,6%,10-year mortgage note on December 31, 2021. The proceeds from the note are to be used in financing a new research

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Pharoah Electronics issues a $361,500,6%,10-year mortgage note on December 31, 2021. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $49,116. Payments are due on December 31 . 0 Your answer is partially correct. Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal ploces, eg. 15,250.)

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