Question: Amortized loan: The next three questions will be based o information n the following Prepare an amortization schedule for a three-year loan of $100,000. The

Amortized loan: The next three questions will be based o information

n the following Prepare an amortization schedule for a three-year loan of

$100,000. The interest rate is 8% per year, and the loan calls

Amortized loan: The next three questions will be based o information n the following Prepare an amortization schedule for a three-year loan of $100,000. The interest rate is 8% per year, and the loan calls for equal annual payment. . How much is the annual total loan payment? . How much interest is paid in the first year? . How much total interest is paid over the life of the loan? Excel hint: Question 1/ For the above loan, how much interest is paid in the first year? 8000 O 9000 O 10000 O 7500 | Question 18 For the above loan, how much is the annual payment? O 38803 O 48903 O 33333 39803 Question 19 For the above loan, how much is the total interest paid over three years? O 26941 O 16900 O 26410 O 16410O

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