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.