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Dejardines Financial has provided a $$53,217$ loan to Your Finished Inc. that earns interest at a rate of $6\mathrm{.}5\%$ 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.

$\backslash$table$[[N,$I$/,$CM$,$P$/$Y$,$PV$,$PMT$,$FV$],[,,,,,,]]$

$i=$

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Interest

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Balance

Amount

Payment

Balance