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Apple purchases a car using a two-year simple interest amortized loan for $10,000 with 12% annual interest. The monthly payments are $2,000. Complete the first

Apple purchases a car using a two-year simple interest amortized loan for $10,000 with 12% annual interest. The monthly payments are $2,000. Complete the first two payments of the amortization schedule shown below: Payment Number Principal Portion Interest Portion Total Payment Remaining Balance O $10,000 n. r. $2,000 ? 2 ? ? $2,000 ? 12pt v Paragraph v B I U A Tv

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