Loan amortization schedule Personal Finance Problem Joan Mossneo borrowed $42,000 at a sts annual rate of interest to be repad over 3 years. The loan is amontzed nto tree equal onnual, end ol year peyments a. Calculate the arnual, end of-year loan poyment b. Prepare a losh amortization scheodile showing the interest and principol breabdown of each of the three loan payinges. c. Explain why the interest portion of each poymwot decines wath the pussage of time a. The amount of the equal, annual end-of-yoat loan payment is: (Fhound to the noarest cone)