Prepare an amortization schedule for a five-year loan of $63,000.The interest rate is 8 percent per year, and the loan calls for equal annual payments.(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

How much interest is paid in the third year?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Beginning Balance otal Payment Interest Payment Principal Payment Ending Balance ear