a. Complete an amortization schedule for a 547,000 boan to be repaid in equal instaliments at the end of each of the nirkt 3 years. The interest rate is 7hh compourafod anmually. If an amount is zero, enter "0", Do not round internedeate calculations, Round your answers to the nearest cent. b. What percentage of the payment represents interest and what percentage represents pripcipal for each of the 3 years? Do not round intermediate calculations. Round your ankwers to two decimal places. why too these percencages change over timer. 1. These percentages change over time because even though the total payment is constant the amount of intereat paid eich year as dedining is the iemaining oe outstanding balance declines. II. These perceritages change over time because even though the total payment is constant the amoont of intereat naid each yeat is increarang as the remairing on outstanding balance declines. Ii. These percentnges change over ume because even though the total payment ws constant the amount of intereat paid each year is decinang as the remaining of outstanding balance increases. IV, These percentageh change over time becouse mven theugh the total payment is constant the amount of interest paid each year is increising as the remaininy of outstanding balance increases. V. These percentages do not change over tarne, interest and principal are each is constant percentage of the total povment