? 5 X Amortization with equal payments - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign in 46 Arial 12 - AR % Paste BIU - Cells Alignment Number Conditional Format as Cell Formatting Table - Styles Styles Clipboard Fant > F17 V : X AE C G 3 Prepare an amortization schedule for a five-year loan of S67,500. 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? 4 5 Loan amounts Interest rate Loan term 67,500 7% 5 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 1 17 2 3 4 5 16 18 19 20 21 22 Total interest naid Sheet1 BU EN + 100% READY Attempt(s) 10/10 Hint