Prepare an amortization schedule for a three-year loan of $90,000. 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 '0' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year 1 2 3 Beginning Balance Total Payment Total interest Interest Payment Principal Payment Ending Balance

Prepare an amortization schedule for a three-year loan of $90,000. 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 ' 0 ' where necessary, Do not round intermediate colculations and found your answers to 2 decimal places, e.g., 32.16