a. Complete an amortization schedule for a $50,000 loan to be repaid in equal Installments at the end of each of the next three years. The Interest rate is 10% compounded annually. Round all answers to the nearest cent Year Interest Payment 20105.75 Beginning Balance 50000 34094.25 18277.93 Repayment of Principal 15105.75 Ending Balance 34894.25 18277.93 1 $ $ $ 5000 $ 2 $ $ 20105.75 $ 5000 $ 29894.25 5 3 $ $ 20105.75 5 5000 5 13277.93 b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places