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as a All answers must be entered formula. Click OK to begin. OK C5 Excel i Saved AE C D E F H 1 1
as a All answers must be entered formula. Click OK to begin. OK C5 Excel i Saved AE C D E F H 1 1 00 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? 15 points 4 5 6 eBook 7 Loan amount $ Interest rate Loan term 67,500 7% 5 Print 8 9 References 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 Total payment Interest paid Principal paid Ending balance 16 17 Year Beginning balance 1 2 3 4 18 01 AWN 19 20 21 22 Total interest paid 23 24 25 26
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