Problem 35: (Required, 15 points) Answer a, b, Brian borrows $18,000 from a bank at 8 percent annually compounded interest to be repaid in five annual installments. Calculate the principal paid in the third year. a. Calculate the annual, end-of-year loan payment. b. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments. Amortization Schedule Loan Payment End-of- Beginning-of-year Loan Interest Principal End-of-year principle Paid year Payrgent Paid balance 1 18,000 2 3 c. Explain why the interest portion of each payment declines with the passage of time