a. Complete an amsrtizatian schedule for a $45,000 loan to be fepaid in equal instatments at the shd of each of the noxt 3 years. The interast rite is 114 campounded annuaty. If ait amaunt is zero, enter "0*. Do net round latermetiate calculations. Round your answers to the noarest cent: b. Whst percentage of the payment represents interest and what percentage represents princleal foc each of the 3 years? Do not round intermediath calcitations. Round your anfwern to two decimal ploces. 1. These percentages change over time becouse even though the total payment is constant the amounc of interest pald each year is decinirg ss the remaining or outstanding belance dedines. II. Thete percentages change over ume because even theugh the total payment is constant the amount of interest paid each yes is incicasing as the remain ing or outstanding balance decines. III. These percentages change over time because even though the total poyment is constant the amount of interest paid esch year is decining as the remainirg or cutstanding balance increases. W. These percentages change over time cecause even though the total payment is constant the arpount of interest paid each year is increating as the remaining or outstanding balance increases. Q. These percentages do not change over time; interest and principal are esch a constant percentage of the totel payment