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please show equations for each answer Paste B T U - A Alignment Number Colls Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard

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Paste B T U - A Alignment Number Colls Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font 013 3 Prepare an amortization schedule for a five-year loan of $67,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? 67,500 Loan amount $ Interest rate Loan term Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. 13 Loan payment Year Beginning balance Total payment Interest paid Principal paid Ending balance Total interest paid Sheet1

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