please answer using excel formulas in your response

Seved gnment FLE Sign In HOME INSERT PAGE LAYOUT VIEW DATA FORMULAS REVIEW Calculate Now Function Defined Formula Library Names Auditing" calculation Calculate Sheet Options Calculation 016 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? 67,500 Loan amount $ Interest rate Loan term 7% Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Loan payment Year Beginning balance Total payment Interest paid Principal paid Ending balance Sheet