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Prepare an amortization schedule for a five - year loan of $ 7 0 , 0 0 0 . The interest rate is 9 percent

Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
How much total interest is paid over the life of the loan?

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