Question: Prepare an amortization schedule for a three - year loan of $ 9 3 , 0 0 0 . The interest rate is 8 percent

Prepare an amortization schedule for a three-year loan of $93,000. The interest rate is 8 percent per year, and the loan agreement
calls for a principal reduction of $31,000 every year. How much total interest is paid over the life of the loan?
Note: Leave no cells blank. Enter 'O' where necessary. Do not round intermediate calculations and round your answers to the
nearest whole number, e.g.,32.
Prepare an amortization schedule for a three-year loan of $93,000. The

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