John House has taken a $75,000 mortgage on his warehouse at an interest rate of 9% per year. If the mortgage calls for five equal annual (end of the year) payments, what is the amount of each payment? (a) Develop a loan amortization schedule (use the table format shown below) (b) What is total amount of interest paid for the life of the mortgage? Year Beginning Balance Annual Payment Interest Paid Principal Paid Ending Balance Total XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX