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Problem 5.34 (Amortization Schedule) 4 Question 13 of 18 Check My Work (1 remaining) intermediate calculations. Round your answers to the nearest cent. vvily uU

image text in transcribed Problem 5.34 (Amortization Schedule) 4 Question 13 of 18 Check My Work (1 remaining) intermediate calculations. Round your answers to the nearest cent. vvily uU micse pelleilaycs mialye uvel mile: I. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance declines. II. These percentages 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 declines. III. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance increases. IV. These percentages 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 increases. V. These percentages do not change over time; interest and principal are each a constant percentage of the total payment. Check My Work (1 remaining)

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