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Prepare an instalment payment schedule for the three years. (Round answers to the nearest whole dollar, e.g. 5,275.) period Apr. 30, 2021 $ July 31,

image text in transcribedPrepare an instalment payment schedule for the three years. (Round answers to the nearest whole dollar, e.g. 5,275.)

image text in transcribed

period

Apr. 30, 2021 $
July 31, 2021 $ $ $
Oct. 31, 2021
Jan. 31, 2022
Apr. 30, 2022
July 31, 2022
Oct. 31, 2022
Jan. 31, 2023
Apr. 30, 2023
July 31, 2023
Oct. 31, 2023
Jan. 31, 2024
Apr. 30, 2024
Coronado Hage has just approached a bank for financing for his new restaurant, Bonita Sally. The bank is willing to loan Bonita Sally Inc. $800,000 at a high-risk interest rate of 4%. The loan is payable over three years in quarterly payments of $71,079. Bonita Sally received the loan on April 30, 2021. It made the first payment on July 31. The company's year end is October 31. Prepare an instalment payment schedule for the three years. (Round answers to the nearest whole dollar, e.g. 5,275.) Cash Payment Interest Expense Principal Reduction Balance $ $ 80C $ $ $ $ $

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