Personal Finance Problem P5-48 Loan amortization schedule Joan Messineo borrowed $45,000 at a 4% annual rate! of interest that she must repay over 3 years. The loan is amortized into three equal end-of-year payments. a. Calculate the end-of-year loan payment. b. Prepare a loan amortization schedule showing the interest and principal break down of each of the three loan payments. c. Explain why the interest portion of each payment declines with the passage of time