5 x 5 Amortization with equal payments - Excel ? 6 x Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Arial 12 - A % 1 points Paste BIU- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C3 : X fx Prepare an amortization schedule for a five-year loan of $67,500. The interest rate eBook E C D E F G H I 1 2 2 Print 3 Prepare an amortization schedule for a five-year loan of $67,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? References 4 5 6 7 Loan amount $ Interest rate Loan term 67,500 7% 5 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. 12 13 Loan payment 14 15 Year Beginning balance Total payment Interest paid Principal paid Ending balance 16 1 $ 67,500.00 17 2 18 3 Loan payment Total payment Interest paid Principal paid Ending balance Year Beginning balance 1 $ 67,500.00 2 3 4 5 Total interest paid