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2. Amortization. Beth has just borrowed $5,000 on a four-year loan at 8% simple interest. Complete the amortization table at the bottom of the page

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2. Amortization. Beth has just borrowed $5,000 on a four-year loan at 8% simple interest. Complete the amortization table at the bottom of the page for the first five months of the loan. finance charges be on his credit card for the first ultimate financial ruin? a. Beginning Balance Payment Number Payment Amount Applied to Interest Applied to Principal 1 $5,000.00 $122 122 2 $33.33 32.74 d New Balance $4,911.33 4,822.07 4,732.22 $88.67 b 89.85 90.45 3 4 4,822.07 4,732.22 4,641.77 122 e 122 30.95 g

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