1 FILE Amortization with equal payments - Excel FORMULAS DATA REVIEW HOME INSERT PAGE LAYOUT VIEW Sign in Arial 12 A A 00 Paste BIU % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font 15 D16 V X f AE D E F G H 1 1 2 3 Prepare an amortization schedule for a five-year loan of $67,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? 4 6 7 Loan amount $ Interest rate Loan term 67,500 7% 5 DO 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. 12 13 Loan payment 14 15 Year Beginning balance Total payment Interest paid Principal paid Ending balance 16 B 5 17 18 19 2 3 4. 5 Sheet1 20 HII READY 3 100%