Amortization Schedule $-$ How would I calculate the interest paid, principal paid and the outstanding principal for the first year for a car loan if the loan amount is $$1000000,$ the annual $($nominal$)$ interest rate is $5\%,$the loan period in years is $8$ years, number of payments per year is $12($monthly compounding periods$),$ payments number is $96$ and monthly interest rate is $0\mathrm{.}42?$ Please solve and explain. $($The course is finance$)$