Chapter 6 Saved Help Save & Exit Sub Check my wor 4 Prepare an amortization schedule for a five-year loan of $45,000. The interest rate is 8% per year, and the loan calls for equal annual payments. (Do not round intermediate calculations. Enter all amount as positive value. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) 10 points Year 1 Beginning Balance $ 45000 Total Payment $ Interest Payment $ Principal Payment $ Ending Balance $ 2 3 eBook 4 5 Print References How much interest is paid in the third year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Interest paid $ How much total interest is paid over the life of the loan? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total interest