: Suppose we borrow $100 at 3% 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 NIA N/A N/A N/A $100.00 1 8.47 ? 2 3 Calculate amount of payment 1 applied to interest indicated by "1'" in the table. (Give your answer to at least two decimal places.) Amount of payment 1 applied to interest = D dollars