3. Complete an arnortization schedule for a $15,000 loan to be repaid in equal anstaliments at the end of each of the next 3 years. The interest rate is 12% corrpounded annually. If an amount is zero, enter " 0. Do not round intermediate calculations. Round your answers to the nearest cent: b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Do not round iritermediate calculations. Found your answers to two decimal places. L. These percentages change over time because even though the total payment is constant the amoumt of intarest paid each year is dechining as the remaining or outstanding balance declines. II. These percentages change overtime beciuse even though the total piyment is constarit the amount of unterest paid esch year is increasing as the remaining or butstanding balance declines, It. These percentages change over time because even thociah the cotisl payment is constart thin amount of interest naid each yoar if declining as the remaining or outstanding balance increnset. fV. These percentapes change over time because cven though the total payment is conitont the actiount of intemet paid each war is increasing as the remaining of outstanding balofice inceases. V. These percertages do not chonge over times interest and prencipal are eath a ronstant percintage of the total payment