Excel Onthe Structured Activity: Amertiration schedule The dats 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 a. Complete an amortization schedule for a $25,000 losn to be repaid in equal instailments at the end of each of the next three years, The interest rate is 8th compounded annwally, Round all ansners to the nearest cent. B. Whut percentage of the payment represents interest and what percentege represents principal for each of the three years? Round all answers to two decimal piaces. 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? 1. These percantages change over time becouse even though the total payment is constant the amount of interest 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 dectines. IIL. 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 increases. IV. These percentoges 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 balinnce increases. V. These percentages do not change over time; interest and principal are each a constant percentage of the total payment