At the beginning of the year, you plan to borrow $30,000 from your bank at an annual rate of 8% compounded annually. The loan is to be repaid in six equal instalments, beginning at the end of this year. Prepare a loan amortisation schedule in your Excel workings document. What percentage of the third instalment (i.e., the loan payment at the end of year three) is repayment of principal? Enter percentages using decimal notation. Round final answers to 4 decimal places.