Make an amortization schedule for a five-year loan of $42,000.The interest rate is 8% per year, and the loan calls for equal annual payments.(Do not round intermediate calculations. Enter all amount as positive value. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit $ sign in your response.)

Year/ Beginning Balance/ Total Payment/ Interest Payment/ Principal Payment/Ending Balance

How much interest is paid in the third year?(Do not round intermediate calculations. Round the final answer to 2 decimal places.Omit $ sign in your response.)

Interest paid$

How much total interest is paid over the life of the loan?(Do not round intermediate calculations. Round the final answer to 2 decimal places.Omit $ sign in your response.)

Total interest$