The data on a loan has been collected in the Microsoft Excel Onitine tile below. Open the spreadsheet and perform the required analigsts to answer the questions below. a. Complete an amortization schedule for a $10,000 loan to be repaid in equal instatiments at the end of each of the next three vears. The interest rate is 12% compounded annually, Round all answers to the nearest cent. b. What percentage of the poyment represents interest and what percentage represents principal for each of the three years? Roound all answers to two decimal places. b. What percentage of the payment reoresents interest and what percentage represents principal for each of the three years? Round af answers to two decimal ptoces. c. Why do these percentages change over time? 1. These fercentages change ower time because even though the total payment is constant the amount of interest paid each year is decliting as the remaining of outstanding baiance 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. 111. These percenteges change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining of eutstanding balance increases. IV. These percentages change over time becsuse even though the total payment is constant the amount of interest paid each year is increasing as the rempining of outstanding balance increases. V. These percentages do not change over time; interest and princpal are each a constant percentage of the total payment