Question: Please help ASAP eBook a. Complete an amortization schedule for a $31,000 loan to be repaid in equal installments at the end of each of

Please help ASAP Please help ASAP eBook a. Complete an amortization schedule for a

eBook a. Complete an amortization schedule for a $31,000 loan to be repaid in equal installments at the end of each of the next three Do not round intermediate calculations. years. The interest rate is 6% compounded annually. If an amount is zero, enter 0 Round your answers to the nearest cent. Beginning Repayment of Principal Balance Ending Bal b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Do not round intermediate calculations. Round your answers to two decimal places. % Interest % principal Year 1: Year 2: Year 3: Why do these percentages change over time

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