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S$06-55$ Amortization with Equal Payments $[$LO$3]$

Prepare an amortization schedule for a five$-$year loan of $$56,500.$ The interest rate is $6$ percent per year, and the loan calls for equal annual payments.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,3216.$ Leave no cells blank $-$ be certain to enter $"$O$"$ wherever required.

$\backslash$table$[[$Year$,$Beginning Balance,Total Payment,Interest Payment,Principal Payment,Ending Balance$],[1,,,,,],[2,,,,,],[3,,,,,],[4,,,,,],[5,,,,,]]$