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### Robind ryar atuaen ta De neares ienta- Complete an amortization schedu.docx

1. Robind ryar atuaen ta De neares ient a. Complete an amortization schedule for a \$45 , 000 loan to be repaid in equal installments at the end of each of the next 3 years, The interest rate is 9% compounded annually. If an amount is zero, enter " 0 , Do not round intermediate calculations. Round your answers to the nearest cent. b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Do not round intermediate calculations. Round your answers to two decimal places. 1. These percentages change over bime because even though the total payment is constant the amount of interest bald each vear is decining as the. remaining or outstanding balance dedines. II. These percentages change over time because even though the total payment is constant the amount of interust eaid each year is increaliow is the remaining or outstanding balance dedines. Iii. These percentages change over time because oven though the total payment is constant the arnount of interest pald each year is dedining as the remalining or outstanding balance lncreases. IV. These percentoges chunoe over time because even though the tokal payment is constant the amount of interest paid each year in increasing as the remaining of cutstanding balance increases: V. These percentages do not change over time: interest and prinopal ace each a consant percentage of the total payment.
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