LG 6 Loan interest deductions Liz Rogers just closed a $10,000 business loan that she must repay in three equal, end-of-year payments. The interest rate on the loan is 13%. As part of her firm's detailed financial planning, Liz wishes to determine the annual interest deduction attributable to the loan. (Because it is a business loan, the interest portion of each loan payment is tax-deductible to the business.) P5-49 a. Determine the firm's annual loan payment b. Prepare an amortization schedule for the loan. c. How much interest expense will Liz's firm have in each of the next 3 years as a result of this loan