meSBN 9781337911001009228&hd=17477788 DTAP Amortization schedule 1 W Online Structured Activity Amortization schedule The data on alan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open het a. Complete an amortization schedule for a $13.000 loan to be paid in equal installments at the end of each of the weat three years. The interest rate is compounded annually. Round all answers to the nearest cent. Beginning Balance Repayment sindpal Yout Payment Interest Ending Balance 1 $ $ 2 $ $ 3 5 5 $ b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Houd www to two decimal places. Interest Principal Year 21 Year Why do these percentages change over time? L. The percentages change over time because even though the total payment is constant the amount of interest ad each year is declining as the remaining or outstanding Dance delines IL. These percent change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance dedines. m. These percentage change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or standing balance increase IV. The percentage change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance increase W. These percentages do not change over time, interest and principal are each a constant percentage of the total payment Check My Work RP