Prepare an amortization schedule for a three-year loan of $87,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Leave no cells blank. You must enter 'O' for the answer to grade correctly.) Year Total Payment Interest Payment Principal Payment Ending Balance Beginning Balance $ 87,000.00 1 2 3 Total Interest Prepare an amortization schedule for a three-year loan of $87,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Leave no cells blank. You must enter 'O' for the answer to grade correctly.) Year Total Payment Interest Payment Principal Payment Ending Balance Beginning Balance $ 87,000.00 1 2 3 Total Interest