prepare an amortization schedule for a three year loan of $105,000. The interest rate is 8% per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

Prepore on amortization schedule for a three-year loon of 5105,000 . The interest rate is 8 percent peryear, and the loan calis for equal annual payments. How much total interest is pald over the lo of the loan? Note: Leave no celis biank. Enter 'O' where necessary. Do not round intermediate calculations and round your answers to 2 . decimal pioces, e.9. 3216