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Prepare an amortization schedule for a five-year loan of $71,500. The Interest rate is 7 percent per year, and the loan calls for equal annual

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Prepare an amortization schedule for a five-year loan of $71,500. The Interest rate is 7 percent per year, and the loan calls for equal annual payments. Do not round Intermediate calculations and round your answers to 2 decimal places, eg 32.16. Leave no cells blank be certain to enter 0" wherever required) Near Beginning Balance Total Payment Interest Payment Pandipal Payment Erding Balance 5 How much interest is paid in the third year? (Do not round intermediate calculations and round your answer to 2 decimal places. e.g.22.16.) Interest paid

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