Elegant Tuxedo Company is negotiating a $900,000 commercial loan with Your Bank. Your Bank ATC a rate of 9% with LEVEL TOTAL PAYMENTS over three years. Construct an amortization sched and answer the following questions (Feel free to round to the dollar). years. Construct an amortization schedule for this loan What is the amount of the total payment each year? What is the amount of the interest in year one? _ What is the principal payment in year two? What is the balance of the loan at the beginning of year three? What is the total amount of interest that will be paid over the life of the loan? 8. Stacey just inherited 300 shares of preferred stock from her grandfather. The attorney told Stacey that the Inheritance was worth $30,000. If the going rate in the marketplace for investments similar to this one6.25 what annual dividend per share should Stacey expect? Dividend per share_ Jordan has a loan at ABC Finance Company with an annual percentage rate of 15%. Jordan payments. What is the effective annual rate that Jordan is paying? EAR