Problem Set 4 instructions I help Question 4 (of 10) Save & Exit Submit 4. 10.00 points Prepare an amortization schedule for a three-year loan of $108,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (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.) Beginning Total Payment Principal Payment Ending Interest Payment Year S 108,000 Total interest References eBook & Resources Worksheet Learning Objective: 05-03 Describe how loans are amortized or paid off. Difficulty: 2 Intermediate Section: 5.4 Loan Types and Loan Amortization