GE MINDTAP Q Search this course e Activity: Loan Amortization Excel Online Structured Activity: Loan Amortization RSS Fee Your company is planning to borrow $0.75 million on a 5-year, 12%, 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 answer to two decimal places. % Check My Work Reset Problem G Loan Amortization Loan amount Term in years Annual coupon rate $750,000 5 12.00% Calculation of Loan Payment Loan payment - Formula #N/A Payment Interest Principal Ending Balance Loan Amortization Schedule Year Beginning Balance 1 2 3 4 5 Formulas A Sheet1 + alculation Mode: Automatic Workbook Statistics