Prepare an amortization schedule for a five-year loan of $67,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? 67,500 Loan amount $ Interest rate Loan term Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Loan payment $ 16,462.62 Total payment Interest paid Year Beginning balance Principal paid Ending balance