Excel Online Structured Activity: Amortization schedule 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. Open spreadsheet 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? V. These percentages do not change over time; interest and principal are each a constant percentage of the total payment. b. Calculating \% of Payment Representing Interest and Principal for Each Year b. Calculating \% of Payment Representing Interest and Principal for Each Year \begin{tabular}{c|c|c|c} \hline Year & Payment \% Representing Interest & Payment % Representing Principal & Check: Total = 100% \\ \hline 1 & #N/A & #N/A & #N/A \\ \hline 2 & # #N/A & #N/A & #N/A \\ \hline 3 & #N/A & #N/A & #N/A \end{tabular}