Loan amortization schedule Personal Finnnce Problem Joan Messineo bortowed 543,000 at a 4% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annunl, end-of-year payments. a. Caloulaie the annual, end-d-year loan payment b. Propare a loan amortiznfion schedule showing the interest and principal broakdown of each of the thee loan paryments c. Explain why the interest portion of esech payment declines with the passage of time. a. The amount of the equal, annual, end-ofyear ben payment is 1 . (Round to the nearest cent)