Prepare an amortization schedule for a three year loan of $30,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. a) (5 points) Calculate the annual payment ($*******). You have to round at cents. Your answer should include a financial equation with parameters, algebraic equation, and answer in sequence. FVIF, = (1 + r) FVIFA, (1+r)" - 1 1 (1+r)" PVIF (1+0) r 1 1 PVIFA,,n b) (15 points) Prepare an amortization schedule. (s**.***.**) You have to round at cents. Show all your work in each cell Your Beginning Balance Total payment Interest payment Repayment of Principal Ending Balance 1 2 3