Prepare 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 1 2 3 4 5 Beginning Balance $ Total Payment Total interest 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.) $