Question: solve both separately please Amortization with Equal Payments Prepare an amortization schedule for a fiveyear loan of $58,500. The interest rate is 6 percent per

Amortization with Equal Payments Prepare an amortization schedule for a fiveyear loan of $58,500. The interest rate is 6 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan? Variable Interest Rates A 15 -year annuity pays $1,750 per month, and payments are made at the end of each month. If the interest rate is 9 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the value of the annuity today
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