Amortization. Beth has just borrowed $12,900 on a four-year loan at 7% simple interest. Complete the Table.

Amortization. Beth has just borrowed $12,900 on a four-year loan at 7% simple interest. Complete the amortization table for the first five months of the a. The beginning balance of the loan for month 2 is $ (Round to the nearest cent.) b. The amount applied to principal in month 2 is $ (Round to the nearest cent.) c. The amount of the monthly payment is $ . (Round to the nearest cent.) d. The amount applied to interest in month 3 is $ (Round to the nearest cont.) e. The amount applied to interest in month 4 is $ (Round to the nearest cent.) f. For month 4, with a beginning balance of $12,194.93, the new balance is $ . (Round to the nearest cent.) g. The amount applied to principal in month 5 is $ (Round to the nearest cont.) h. For month 5, with a beginning balance of $11,957.16, and the amount applied to principal of $239.16, the new balance is $ . (Round to the nearest cent.) Enter your answer in each of the answer boxes