a$.$ Complete an amortization schedule for a $$22,000$ loan to be repaid in equal installments at the end of each of the next three years. The interest rate is $8\%$

compounded annually. Round all answers to the nearest cent.

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.

c$.$ Why do these percentages change over time?

I. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or

outstanding balance declines.

II$.$ 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 paid each year is declining as the remaining or $***$ PLEASE ANSWER ACCORDING TO EVERYTHING THAT NEEDS TO BE ANSWERED$/$ CORRECTED ON THE PICTURE TO GET A POSITIVE FEEDBACK