a. Complete an amortization schedule for a $10,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 7% compounded annually. Round all answers to the nearest cent. Beginning Balance Repayment of Principal Ending Balance Year Payment Interest 1 $ $ $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ $ b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places, % Interest Year 1: Year 2: Year 3: % Principal 96 96 % % 96 %