Question: Prepare an amortization schedule for a three - year loan of $ 1 1 4 , 0 0 0 . The interest rate is 1

Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?
Note: Leave no cells blank. Enter '0' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
\table[[Year,\table[[Beginning],[Balance]],\table[[Total],[Payment]],\table[[Interest],[Payment]],\table[[Principal],[Payment]],\table[[Ending],[Balance]]],[1,,,,,],[2,,,,,],[3,,,,,],[,,,,,]]
 Prepare an amortization schedule for a three-year loan of $114,000. The

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