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Question 1 of 4 -/ 15 View Policies Current Attempt in Progress Vaughn Hage has just approached a bank for financing for his new restaurant, Bramble Sally. The bank is willing to loan Bramble Sally Inc. $480,000 at a high-risk interest rate of 10%. The loan is payable over three years in quarterly payments of $46,794. Bramble Sally received the loan on April 30, 2021. It made the first payment on July 31. The company's year end is October 31. (a) 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 Period Apr 30, 2021 $ July 31, 2021 $ 46794 16000 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 Total $ $ * Adjust rounding difference e Textbook and Media Assistance Used List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Last saved 46 seconds ago. Saved work will be auto-submitted on the due date