Valley Produce received $50,000 in vendor financing at 7.8% compounded semiannually for the purchase of harvesting machinery. The contract requires annual payments of $10,000 (except for a smaller final payment). Complete the amortization schedule for the debt. How much interest will be paid over the entire life of the loan? PMT # Payment ($) Interest ($) Principal Reduction ($) Balance ($) 10 50,000.00 1 10,000,00 3976.05 6023.95 43,976.05 2 10,000.00 3497.02 6502.98 37,473.07 3 10,000,00 2979.90 7020.10 30,452.97 4 10,000.00 2421.65 7578.35 22,874.62 15 10,000,00 1819.01 8180.99 14,693.63 6 17