Homework: Assignment 3 Save Score: 0 of 10 pts 46 of 10 (6 complete) Hw Score: 46.67%, 46.67 of 100 pts P5-48 (similar to Question Help * Loan amortization schedule Personal Finance Problem Joan Messineo borrowed $19,000 at a 13% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal annual, end-of-year payments a. Calculate the annual, end-of year loan paymet b. Prepare a loan amortization schedule showing the interest and principal breadown of each of the three loan payments c. Explain why the interest portion of each payment declines with the passage of tme The amount of the equal, annual, end-of year loan payment is s Round to the nearest cent) Enter your answer in the answer box and then click Check Answer parts Clear All