Prepare an amortization schedule for a three-year loan of $102,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? Note: Leave no cells blank. Enter 'O' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year Beginning Balance Total Payment Interest Principal Ending Payment Payment Balance 1 2 3 Total interest An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a child at the child's birth. The details of the policy are as follows: The purchaser (say, the parent) makes the following six payments to the insurance company: First birthday: Second birthday: Third birthday: $ 800 $ 800 $900 $ 900 $ 1,000 $ 1,000 Fourth birthday: Fifth birthday: Sixth birthday After the child's sixth birthday, no more payments are made. When the child reaches age 65, he or she receives $355,000. If the relevant interest rate is 10 percent for the first six years and 7 percent for all subsequent years, what is the value of the policy at the child's 65th birthday? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Child's 65th birthday 37,301.00