Question: 10 10 polms Prepare an amortization schedule for a five-year loan of $63 000. The interest rate is 8 percent per year, and the loan

 10 10 polms Prepare an amortization schedule for a five-year loan

10 10 polms Prepare an amortization schedule for a five-year loan of $63 000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g. 32.16) Beginning Total Interest Principal Year Balance Payment Payment Payment $ $ $ 2 3 4 5 Ending Balance 1 cBook Pint oo Referentes How much interest is paid in the third year? (Do not round Intermediate calculations and round your final answer to 2 decimal places. (0.9. 32.161) Interest paid

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