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Prepare an amortization schedule for a five-year loan of $49,000. The interest rate is 9% per year, and the loan calls for equal annual payments.

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Prepare an amortization schedule for a five-year loan of $49,000. The interest rate is 9% per year, and the loan calls for equal annual payments. (Do not round intermediate calculations. Enter all amount as positive volue. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Beginning Balance Total Payment Interest Payment $ Principal Payment Year 1 2 3 Ending Balance 4 5 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

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