Problem 6-55 Amortization with Equal Payments [LO3] Prepare an amortization schedule for a five-year loan of $62,000. The interest rate is 7 percent per year, and the loan calls for equal annual payments. (Do not round intermediate calculations and round your answers to 2 decimal places, 0.g. 32.16. Leave no colls blank - be certain to enter "0" wherever required.) Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance Year 1 2 3 4 5 How much interest is paid in the third year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32. 16.) Interest paid How much total interest is paid over the life of the loan? (Do not round intermediate calculations and round your answer to 2 decimal places, e..., 32.16.) Total interest paid