interest for four years. (Round your answers to the Wade Ellis buys a new car for $16,262.89. He puts 10% down and obtains a simple interest amortized loan for the rest at 111 112% nearest cent.) (a) Find his monthly payment. $ (b) Find the total interest. $ (c) Prepare an amortization schedule for the first two months of the loan. Payment Number Principal Portion Interest Portion Total Payment Balance 0 $ 1 $ $ $ $ 2 $ $ $ $