How do you calculate mortgage payments on a mortgage? (Excerpts from the newspaper)?
Pickeril Inc. is a $ 609,000, 10% mortgage note from 10 years to 31 December 2008, funding for a new building received. Conditions to provide semi-annual installments of $ 48,867. Prepare the entry to the mortgage to 31 December 2008 and the first record has Ratenzahlung.Ich following log entries: 31 DezemberDr. Cash $ 609.000Cr. Mortgage notes payable $ 609.00030. JuniDr. Interest expense $ ? Dr. Mortgage notes payable $ ? Cr. Cash $ 48.867Wie you calculate interest and mortgage notes payable for the first installment?