a. Complete an emortization schedule for a $28,000 loan to be repaid in equal insallments at the end of each of the next 3 years. The interest rate is 11 s compounded annually. If an amount is zero, enter ' 0 *. Do not round intermediate calculations. Round your angwers to the nearest cent. b. What percentage of the payment represents interest and what percentage represents peincipal for each of the 3 years? Do nok round intermediate caiculations, found your answers to two decmal places. t. These percentages change over time because even theugh the total payment is constant the amount of intereat paid each year is decining as the remaining or outstand nig baiance decines. 11. These percentages change over time becaute even thaugh the total payment is constant the amount of interest paid each year is increasing as the remaining of outstanding balance decines. 11. These percentages change over time because even though the total piyment is contant the amount of interest paid each year is declining as the remaining or outstanding bolance increases. IV. These percentages change over time because even though the total pavment is consant the amount of interest paid each year is increasing as the remaining or outstanding basonce increases. V. These percentages do not change over time; intereat and principal are each a censtant percentage of the total parment