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6. Prepare an amortization schedule for a three-year loan of $78,000. The interest rate is 11 percent per year, and the loan calls for equal

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6. Prepare an amortization schedule for a three-year loan of $78,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Enter rounded nswers 88 directed, but do not use rounded numbers on .rtermediate calculations Round your answers to 2 decimal places (e.g., 32.16). Leave no cells blank. You must enter "0' for the answer to grade correctly-) Beginning Balance Total Payment Principal Payment Ending Balance Year Payment Total interest

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