Question: Problem 5.55 Amortization with Equal Payments [LO 3] Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 percent per

Problem 5.55 Amortization with Equal Payments [LO 3] Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 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 ' O ' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16

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