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. x Open spreadsheet a. Complete an amortization schedule for a $11,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 11% compounded annually. Round all answers to the nearest cent Repayment Beginning Balance Ending Balance Yeat Payment Intere 1 $ 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 Interest Principal Year 1: Year 2: Year 3: Why do these percentages change over time? Nest