Step 3: Practice: Amortization Schedule Now it's time for you to practice what you've learned. Suppose Neha receives a $37,000.00 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each year. Year Beginning Amount 1 $37,000.00 2 3 Payment Interest Repayment of Principal Ending Balance $0.00 Complete the following table by determining the percentage of each payment that represents interest and the percentage that represents principal for each of the three years. Payment Component Interest Repayment of Principal Percentage of Payment Year 1 Year 2 Year 3