7. Construct a LOAN AMORTIZATION schedule for a 3 year 5% loanof $100, 000.
Please show your calculations clearly and include calculatedanswers in the table below.
(Please only do this question if you are certain how to doit)
Amortization Schedule for a Loan of $100 000 Repaid Over 3Years at 5%| Year | Payment amount | Interest Paid | Principal repaid | Outstanding loan balance |
| 0 | | | | |
| 1 | | | | |
| 2 | | | | |
| 3 | | | | |
| | | | |
