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The data on a loan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to

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The data on a loan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. X Open spreadsheet a. Complete an amortization schedule for a $33,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 7% compounded annually. Round all answers to the nearest cent. Year Beginning Balance Repayment Payment Interest of Principal Ending Balance 1 $ $ $ $ $ 2 $ $ $ $ $ 3 $ $ $ $ $ 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.

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