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Prepare an amortization schedule for a three-year loan of $108,000. The interest rate is 9 percent per year, and the loan calls for equal annual

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Prepare an amortization schedule for a three-year loan of $108,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (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.) Beginning Balance otal Payment Interest Payment Principal Payment Ending Balance Year 9720 $ 108000 Total interest

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