Please help me with this problem. For the bottom answer all you do is select the best option 1,2,3 or 4. Thank you

sand Study Tools a. Complete an amortization schedule for a $42,000 loan to be repald In e annually. If an amount Is zero. enter '0'. D erOffers dual Installmenls at the end of each of the next 3 years. The Interest rate Is 6% compounded u not round Intermediate calculations. Round your answers to the nearest cent. Beginning Repayment Remaining ' y ' Year Eaiancg Layman! Intere of Princlpal Balance , , __ W .' sf, 7,,, 1 s 7 , s s {\"45 24s l)7_| {#j [:3 L! eligible for a FREE 1- n I e n rule 3 ., #7,, L. ....e ] [We __] L, ,,-__-:| :rtggesuiugitllal d 7 ,,.. ._.J LE3 e'rutbooks b. What percentage of the payment represents Interest and what percentage represents principal for each of the 3 years? Do not round intermediate calculations. Round vaur answers to two decimal places. % Interest 9i: Principai Learn more Year 1; , .7 .l 9": g4 '56 YearS: " 3% 1% why do these percentages change over time? I. These percentages change over time because even though the total payment ls constant the amount oi' Intert paid each year is declining as the remaining or outstanding balance declines. II. These percentages change over time because even though we total payment Is constant the amount of Interest paid each year is Increasing as the remaining or outstanding balance declines. , III. These percentages change over time because even though the total payment Is constant the amount of interest paid ead1 year Is decllnlng as the remaining or outstanding balance Increases. N. These percentages change over lime because even though the total payment Is constant the amount oi Interest paid earh year ls Increasing as the remaining or outstanding balance increases. v, These percentages do not change over time; Interest and principal are each a c onstant percentage of the total payment