Your company is planning to borrow $0.75 million on a 5-year, 14%, annual payment, fully amortized term loan. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. What fraction of the payment made at the end of the second year will represent repayment of principal? Do not round intermediate calculations. Round your answer to two decimal places. ________ %

screenshot of spreadsheet attached just for reference. I need the yellow highlighted percentage above

Insert Data Review VIC == 2 Home Arial -10 LEB I D2 Paste . . . A . A A Clipboard IUI III 3. $ % . o Conditional Formatting Format as Table M Tables Number Undo Alignment Font B8 1 Loan Amortization $750,000 Loan amount Term in years Annual coupon rate 14.00% Calculation of Loan Payment Loan payment = Formula #N/A 8 10 Loan Amortization Schedule Beginning Balance Payment Interest Principal Ending Balance Sheet1 T ell me what you want to do = nep = ag View A X Arial 10 Paste LG BI U Da a A A A E Clipboard Font B - $ % , Conditional Formatting Hay Format as Table do Alignment Number Tables G AB Loan Amortization Schedule Year Beginning Balance #NA #NA #N/A #N/A #NA Interest #N/A Payment #NA #N/A #NA #N/A #N/A #N/A #N/A Principal #N/A #N/A #N/A #N/A #N/A Ending Balance #N/A #N/A #N/A #N/A #NA #N/A #N/A Percentage of 2nd Year Payment Representing Repayment of Principal #DIV/0! =E13/C13 Sheet1 L e Z ] 02 PE wie 9