The new truck your catering company just purchased has a cost of $75,000 with all the movable carts, storage, and refrigeration built in. You are able to negotiate a loan with your bank with 10% down payment, 12%, 2 years, with a monthly mortgage. Please find amortization schedule with correct numbers for the first two months of this loan. Payment Interest Principal Month Beginning Balance 75,000 2 72,219 Ending Balance 72,219 1 3,531 750 2,781 3,531 722 2,809 69,410 Payment Interest Principal Ending Balance Month Beginning Balance 75,000 01 3,531 750 2,781 71,469 2 71,469 3,531 715 2,816 68,653 Month Beginning Balance Payment Interest Principal Ending Balance 1 67,500 3,177 675 2,502 64,323 2 64,323 3,177 643 2,534 61,145 Month Beginning Balance Payment Interest Principal Ending Balance 1 67,500 3,177 675 2,502 64,998 2 64,998 3,177 650 2,527 62,470