Check My Work $(3$ remainin

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a$.$ Complete an amortization schedule for a $$12,000$ loan to be repaid in equal installments at the end of each of the next $3$ ye The interest rate is $12\%$ compounded annually. If an amount is zero, enter $"0".$ Do not round intermediate calculations. Rou 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 no round intermediate calculations. Round your answers to two decimal places.

$\%$ Principal

Year $1$:

$\%\%$

Year $2$: $\%\%$

Year $3$: $\%\%$

Whv do these nercentanes chance nver time?