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Suppose we borrow $100 at 2% APR and pay it off in 12 monthly payments. Make an amortization table showing payments over the rst three

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Suppose we borrow $100 at 2% APR and pay it off in 12 monthly payments. Make an amortization table showing payments over the rst three months. Paymen Pay Applied Applied to Outstandi t me to balance ng number nt interest owed balance N/A N/A N/A N/A $100.00 1 8.42 0.17 8.26 91.74 2 a 3 Calculate Payment 2 indicated by "'2" in the table. (Give your answer to at least two decimal places.)

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