Excel Online Structured Activity: Loan Amortization Your company is planning to borrow $2.25 million on a 5-year, 10%, annual payment, fully amortized term loan A2 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. X HAHA penneodshee What fraction of the payment made at the end of the second year will represent repayment of principal? Do not round intermediate calculations, Round your answer to two decimal places. % Check My Work Reset Problem Currency BB D E G H M Formula HNIA Payment Interest Principu Ending Balance Loan amount $2,250,000 Term in years 5 Annual coupon tale 10.00% 0 7 Calculation of Loan Payment Loan payment 9 10 Loan Amortization Schedule 11 Year Beginning Balance 12 1 13 2 14 3 15 4 16 5 17 18 Formulas 19 Loan Amortization Solodule 20 Year Beginning Balance 21 1 WNIA 22 2 ANA 23 3 WNIA 4 ANA 25 NIA 20 Sheet1 ANNREIRA Payment WNIA WNIA WNIA UNIA IINIA Interest MNIA WNIA ANIA NA MNIA Principal WNIA WNIA INA NA NA Ending balance FUA WNIA NA ENA ANA Callation Mode: Automower back D OC