Excel Online Structured Activity: Loan Amortization Your company is planning to borrow $2 million on a 5-year, 11%, annual payment, fully amortized term loan, The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet What fraction of the payment made at the end of the second year will represent repayment of principal? Do not round intermediate calculations. Round your angiver to two decimal places. Check My Work Reset Problem VERVOS wa IEVIEW VIEW ep Tell me what you want to do B9 D E G Term in years Interest Principal Ending Balance A B 3 Loan amount $2,000,000 4 5 5 Annual coupon rate 11.00% 5 7 Calculation of Loan Payment Formula 8 Loan payment #N/A 9 10 Loan Amortization Schedule 11 Year Beginning Balance Payment 12 1 2 14 3 15 4 5 117 118 Formulas 19 Loan Amortization Schedule 20 Year Beginning Balance Payment 21 1 #NIA #N/A 2 UNIA #N/A 28 3 ENIA #N/A 24 4 UNIA #N/A 25 5 ANIA #N/A F 26 Percentage of 2nd Year Payment Representing Repayment 27 of Principal Interest #NIA #N/A #N/A #N/A #N/A Principal #N/A #N/A NIA #N/A #N/A Ending Balance #N/A #NIA #N/A #N/A #N/A F #DIV/01 -E13/C13