Question 1 1 pts If a total monthly loan payment is $2,000, and the interest payment is $500, what is the principal amount for that payment? $500 $1.500 Cannot be determined Question 2 1 pts If the beginning balance of a loan is $100,000, and the interest rate is 10%, what is the first interest payment amount (assume annual payment)? 5100 $10,000 Cannot be determined