Excel Online Structured Activity Amortization schedule The data on a lean has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below Open spreadsheet a. Complete an amortization schedule for a $48,000 loan to be repaid in equal installments at the end of each c 2 1 Beginning Banca PA Intern Repayment Ending is % compounded annually Round at answers to the nearest cent 31 5. What percentage of the peynent represents interest and what percentage represents principal for each of the three years? Round all anawers to two decimal places %Principal Year Year 31 Why to these percentages change over time 1. These pertenepes change ever time because even though the total peyment is constant the amount of veerest paid each year is declining as the remaining or outstanding balance declines 11. 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 declines These percentages change aver time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding belance increases IV These percentages change ever 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 These percentages de not change ever time interest and principal are each a constant percentage of the payment