Excel Online Structured Activity: Amortization schedule The data on a loan has been collected in the Microsoft Excel Online fle below. Open the spreadsheet and perform the required analysls to answer the questions below. a. Complete an amortization schedule for a $35,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10%. compounded annually. Round all answers to the nearest cent. b. What percentage of the payment represents interest and what percentage represents princlpal for each of the three years? Round all answers to two decimal places. c. Why do these percentages change over time? c. Why do these percentages change over time? I. These 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 outstanding balance declines. II. These percentages change over time because even though the total payment is constant the amount of interest paid each y increasing the remaining or outstanding balance declines. III. These percentages change over time because even though the total payment is constant the amount of interest paid each year the remaining of outstanding balance increases. 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 or outstanding balance increases. V. These percentages do not change over time; interest and principal are each:a constant percentage of the total payment