Question: Question is listed below in image Prepare an amortization schedule for a five-year loan of $64,000. The interest rate is 9 percent per year, and

Question is listed below in image

Question is listed below in image Prepare an amortization schedule for a

Prepare an amortization schedule for a five-year loan of $64,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Beginning Total Interest Principal Ending Year' Balance Payment Payment Payment Balance Ul-DWN 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.g., 32.16.) Total interest paid 35

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