Excel Online Activity: Amortization schedule Question 1 0/10 Submit The data on a loan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. 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 places. c. Why do these percentages change over time? balance declines. balance declines