Layout References Mailings Review View Find - inheart - 105 A Aa- AUT cod| d d 1 Normal 1 No Spac... Heading 1 Heading 2 Subtitle Subtle Em... Emphasis Intense E. Strong Replace Select U- X X A.ZA Title Font Paragraph Styles Editing Q5. Suppose you borrow $10,000. You are going to repay the loan by making equal annual payments for five years. The interest rate on the loan is 15 percent per year. Prepare an amortization schedule for the loan. How much interest will you pay over the life of the loan? Year Beginning balance Total payment Interest payment Principal payment Ending balance 1 $10,000 I 2 3 2,983.16 4 0.00 5