Compleke an amortization schedule for a $38,000 loan to be repaid in equal instaliments at the end of each of the next 3 years. The Interest rate is 12% compounded annolly. 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 s yearsr vo ruot round intermediate calculations. Round your answers to two decimal places. Why do these percentages change over time? 1. These percentages change over time because even though the total phyment is constant the amount of interest paid each year is doclining as the remaining or outstanding balance declines. I1. These percenteges change over time because even though the total poyment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance declines. II1. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance increases. IV. These percentages change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance increases. V. These percentages do not change over time; interest and principal are each a constant percentage of the totai payment