Access an online loan calculator with annual payments, such as the one at mycalculators.com, to produce an amortization schedule for Welton Corp.’s installment note that has original principal of $25,000, interest of 6 percent compounded annually, and a term of 3 years. 

(a) What is the annual payment (rounded to the nearest dollar)? 

(b) Of this amount, how much represents interest in year 1 (rounded to the nearest dollar)?

(c) How much principal is included in the year 1 payment (rounded to the nearest dollar)? 

(d) How much interest is included in the year 2 payment (rounded to the nearest dollar)? 

(e) Over time, has the interest become a smaller or larger component of the annual payment?