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Dejardines Financial has provided a $53,217 loan to Your Finished Inc. that earns interest at a rate of 6.5% compounded monthly. The loan is to

Dejardines Financial has provided a $53,217 loan to Your Finished Inc. that earns interest at a rate of 6.5% compounded monthly. The loan is to be paid back in equal payments at the end of each month over a three-year term. In addition to the amortization schedule, how much interest was paid over the life of the loan? Complete the amortization table for the 3 years of the loan. N I/Y C/Y P/Y PV PMT FV 7 i= Starting Interest Ending N Balance Amount Payment Balanceimage text in transcribed

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