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Open spreadsheet b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to

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Open spreadsheet b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places. c. Why do these percentages change over time? V. These percentages do not change over time; interest and principal are each a constant percentage of the total payment

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