13. Problem 5.34 (Amortization Schedule) a. Complete an amortization schedule for a $36,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 9% campounded 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 intermed ate calculations. Round you answers to two decimat places: 1. These percentages change over time because even though the total payment is constant the amount of interest paid each year is decining as the remaining or outstanding balance decines. 11. These percentages change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or outstanding balance declines. III. These percentages change over time because even though the total payment is constant the amount of interest pad each year is decining as the remaining of outstanding balance increases. IV. These percentages change over time because even though the total payment is constant the amouns of interest pald each year is increasing as the rembining of outstanding balance increases. V. These percentages do not change over time; interest and onincipal are each a constant percentage of the total payment