3. XYZ Company in Fullerton is considering buying a "CNC Machining Center" for its machining department. The cost of the machine is $60,000. A down payment of $20,000 is required by the machine tool builder and the loan balance will be paid in 5 equal yearly payments. The machine tool builder expects XYZ Company to pay the interest on the unpaid balance with each of the payments. If the machine builder charges an interest of 10% per year, develop a loan repayment schedule for this loan and complete the table. Year Amount Owed at the Beginning of Interest Year Earned Principal Payment Total Payment utw