Question: Please include the Excel formulas as well. Thank you Prepare an amortization schedule for a five-year loan of $67,500. The interest rate is 7 percent

Please include the Excel formulas as well. Thank you Prepare an

Please include the Excel formulas as well. Thank you

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 No Loan amount $ Interest rate Loan term 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 Sheet1 READY + 100%

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