Problem $5-55$ Amortization with Equal Payments $[$LO $3]$

Prepare an amortization schedule for a three$-$year loan of $$102,000.$ 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 $\text{'}$O$\text{'}$ where necessary. Do not round intermediate calculations and round your answers to $2$

decimal places, e$.$g$.,32\mathrm{.}16.$