Question: can you please solve this Excel Online Structured Activity: Amortization schedule The data on a loan has been coliected in the Microseft Excel Online fle

Excel Online Structured Activity: Amortization schedule The data on a loan has been coliected in the Microseft Excel Online fle below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. Complete an amortization schedule for a $31,000 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 piaces. b. Calculating \% of Payment Representing Interest and Principal for Each Year Payment%RepresentinaPayment%RepresentingCheckTotal= Sheet1
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