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Prepare an amortization schedule for a three-year loan of $12,000. The interest rate is 7 percent per year, and the loan calls for equal annual

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Prepare an amortization schedule for a three-year loan of $12,000. The interest rate is 7 percent per year, and the loan calls for equal annual end-of-year payments. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Leave no cells blank. You must enter 'O' for the answer to grade correctly.) Year Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance WN 5 8 8 8

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