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Prepare an amortization schedale for a three year loan of $63,000. The interest rate is 10 percent per year, ond the loan agreement calis for
Prepare an amortization schedale for a three year loan of $63,000. The interest rate is 10 percent per year, ond the loan agreement calis for a principal reduction of $21,000 every year. How much total interest is paid over the life of the loan? Note: Leave no cells blank. Enter ' O ' where necessary. Do not round intermediate colcutations and round your answers to the neorest whole number, e.g, 32
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