Amortization. Beth has just borrowed $6,700 on a four-year loan at 5% simple interest. Complete the amortization table,, for the first five months of the loan. 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 $ d. The amount applied to interest in month 3 is $ (Round to the nearest cent.) e. The amount applied to interest in month 4 is $ (Round to the nearest cent.) f. For month 4, with a beginning balance of $6,319.27, the new balance is $ (Round to the nearest cent.) g. The amount applied to principal in month 5 is $ (Round to the nearest cent.) (Round to the nearest cent.) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Beginning Payment Applied to Applied to New Balance Balance Amount Interest Principal $6,700 $154.30 $27.92 $126.38 $6,573.62 a $154.30 $27.39 b $6,446.71 $6,446.71 d $127.44 $6,319.27 $6,319.27 $154.30 e $127.97 f $6,191.30 $154.30 $25.80 g h Payment Number 1 2 3 4 5 1