E H Problem Walkthrough #. Complete an amortization schedule for a $10,000 loan to be readingual installments at the end of each of the next years. The interest rate is 11 compounded annually. I an amount is ro, enter To Do not found intermediate calculations. Round your answers to the nearest cent. tegning Repayment Remaining Year Balance Payment Interest Principal Balance 1 + $ 2 5. what percentage of the payment represents interest and what percentage represents principal for each of the years? Do not round intermediate clolation, Hound your wwers to two decimal places Interest Principal Year! Year Why do these percentages change over time? These percentagus 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. 1. 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 m. There 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 IV. 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 er These percentages do not change over time, interest and principer are each a constant percentage of the total payment outstanding balance declines outstanding balance increases