. Problem 3.34 (Amortization Schedule) Problem Walk-Through Complete an artis schedule for a 126.000 loan to be read in qualitatments at the end of each of the next 3 years. The interest rate is compounded annually mount is renter "O". Do not round vermut Round your newers to the crescent Being Repayment Remaining Interest of Principal Balesce 1 $ 2 6. what percentage of the payment represente interest and what percentage representa proped for each of the year? Do not round warmewe allatione. Round your answers to wo duomal races, terest Principal Year 1 Year Year) w do these percentages change over time! 1. These percentages change over time because even though the total payment content the amount of interest paid each year is declioing as the remaining or outstanding balance decines 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 declines 1. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining the remaining or outstanding balance increases. 1. These percentages that 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 increases These percentages do not change over time, interest and principal are each a constant percentage of the total payment