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Amortiration. Beth has just borrowed $7,100 on a four-year loan at 9% simple interest. Complote the amortication table. , for the frot five months of
Amortiration. Beth has just borrowed $7,100 on a four-year loan at 9% simple interest. Complote the amortication table. , for the frot five months of the loan. a. The beginning balance of the loan for month 2 is 5 (Round to the nearest cent) b. The amount applied to principal in month 2 is 5 (Round to the nearest cont) c. The amount of the monthly payment is : (Round to the nearest cent) d. The amount apoled to interest in month 3 is 5 (Round to the nearest cent) -. The amount appled to interest in month 4 is 5 (Round to the nearest cent) f. For month 4, with a beginning balance of $6.72692, the new balance is 1 (Round to the nearest cent.) 9. The amount applied to principal in month 5 is 5 (Round to the nearest cent) h. For monen 5 , with a beginning balance of $5,600.69, and the amount appled to principal of $127.17, the new balance is : (Round to the rearest cent) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)
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