ebook Problem Walk-Through a Complete an amortization schedule for a $22,000 loan to be repaid in equal instaliments at the end of each of the next years. The interest rate is 12 compounded annually an amount is zero, enter o Do not round intermediate calculations. Round your answers to the nearest cent Beginning Repayment Remaining Year Balance Interest of Principal Balance 2 5 $ 2 3 b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Do not round intermediate calculations. Hound your answers to two decimal places Principal Year Year Year Why do the percentages change over time? The percent change over time because even though the total payment is constant the amount of interest peach year ning as the remaining or outstanding balance declines 11 These cantages change over time because even though the total payment is constant the amount of interest and each year is increasing as the remaining or outstanding balance declines TIL The percentages change over time because even though the total payment is constant the amount of interest and each year is declining as the remaining or outstanding balance incetes IV These percentages change over time be even though the total payment is constant the amount of interest and each year is increasing as the remaining outstanding balance increase V. These percentages do not change over time, interest and principal are ench a constant percentage of the total payment