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3 Suppose we borrow $100 at 4% APR and pay it off in 12 monthly payments. Make an amortization table showing payments over the rst
3 Suppose we borrow $100 at 4% APR and pay it off in 12 monthly payments. Make an amortization table showing payments over the rst three months. Paymen Pay Applied Applied to Outstandi t me to balance ng number nt interest owed balance N/A N/A N/A N/A $100.00 1 8.51 0.33 8.18 91.82 2 8.5 1 ? 3 Calculate amount of payment 2 applied to interest indicated by "'?" in the table. (Give your answer to at least two decimal places.) Amount of payment 2 applied to interest = m dollars
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