X 5 Amortization with equal payments - Excel ? 6 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial X LE 12 - 101 % Paste BIU Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font G16 V AE C D E F H 3 Prepare an amortization schedule for a five-year loan of $67,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? 4 5 6 7 Loan amount $ Interest rate Loan term 67,500 7% 5 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. 12 13 Loan payment $ 16,462.62 14 15 Interest paid Total payment $ 16,462.62 Principal paid Ending balance 16 17 Year Beginning balance 1 $ 67,500.00 2 3 4 5 18 19 20 21 22 Total interest paid