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a. Cornplete an amortization schedule for a $16,000 loan to be repuid in equal instaiments at the end of each of the next. 3 years. The interest rate is 7% compounded aninualy. If an amount is zero, enter 70. Do not round intermediate calculations; Round your answers to the neareat oent. bu.puas prroenepe or we payment represtnts intereat and what percentege represtnts principsi for each of the 3 years? Do not round intermed ate calculations. Reund vour answers to two decimal placet. 1. Thest percentspes da ange over time because even thpogh the total payment is constant the amount of interest puid eoch year is declining ss the remaining or outstanding balance declints. 11. These percentsges change over time bectuse cven though the total payment is cenctaot the amount of interest par 1 esch yest is increasing ss the remaining or sutetanding beianse decines. 1if. These persentages chenge ouer time bectise even though the total payment is oscyant the amount of interest at it each year is deci ning as the femuning ar witntanding ba ince incresses. W. These percentages chasge over time becaise even though the total psyment is conctant the amodnt of interest sa id tach year is increasng as the remaning of cutstanding ba'ance intreases. W. Thece percentages fo not change over time; interest and princigal are each a constant percentage of the total shyment