- Please list steps by calculation not by whole numbers.

- Loan Amount is D6 = 67,500

- Interest Rate is D7 = 7%

- Loan Term is D8 = 5

- Also find total interest paid *not shown in picture*

x] H5 $ Amortization with equal payments - Excel - ? x FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial 12 - A AA % Paste BIU A- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font F16 X V AE c D E F G H 1 2 2 3 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? 4 5 6 7 Loan amount $ Interest rate Loan term 67,500 7% 5 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. 12 13 Loan payment $ 16,462.62 14 15 Total payment Interest paid Interest paid Principal paid Ending balance 16 17 18 Year Beginning balance 1 $ 67,500.00 2 3 4 4 5 Sheet1 19 20 LLE READY 100% Attempt(s) 3/3 Hint