Prepare an amortization schedule for a five-year loan of $47,000. The Interest rate is 7% 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 "o" wherever required.) Beginning Balance Total Payment $ Interest Payment Principal Payment Year 1 2 Ending Balance 3 4 How much interest is paid in the third year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) 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.) Total Interest $