0 X a. Complete an amortization schedule for a $50,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 6% compounded annually. If an amount is zero, enter *0". Do not round intermediate calculations. Round your answers to the nearest cent. Beginning Balance Year Payment Interest Repayment of Principal Remaining Balance $ $ 1 2 3 What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? po not round Intermediate calculations. Round your answers to two decimal places. % Interest 9 Principal Year 1: 96 96 Year 2: 96 96 Year 3: % Why do these percentages change over time