*** ROB look wurk for Points Problem Walk-Through a. Complete an amortization schedule for a $18,000 loan to be repaid in equal instalments at the end of each of the nest 3 amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent Year Begi Balance Payment Interest Repayment of Princip b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Do not round i two dedmal places Year 11 Year 20 Year Interest %Principal Why do these percentages change over time? These percentages change over time because even though the total payment is constant the amount of interest paid each year decing as the ring or standing balance decines II. These percentages change over time because even though the total payment is constant the amount of interest peid each year hang as the manganding balance declines III. These percentages change over time because even though the total payment is constant the amount of interest paid nach year is decling the engin balance increases. IV. These percentages change over time because even though the total payment is constant the amount of interest paid nach year is increasing the engording balance increases V. These percentages do not change over time: interest and principal are each a constant percentage of the total payment stv