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Prepare an amortization schedule for a five-year loan of$42,000. The interest rate is 8 percent per year, and the loancalls for equal annual payments. (Do

Prepare an amortization schedule for a five-year loan of$42,000. The interest rate is 8 percent per year, and the loancalls for equal annual payments. (Do not roundintermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16. Leave no cells blank - be certain to enter "0"wherever required.) How much interest is paid in the third year? (Donot round intermediate calculations and round your answer to 2decimal places, e.g., 32.16...

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