Murray Countertops borrowed $$7500$ at an annual rate of $6\%$ to buy a used forklift. Murray amortized the loan in $4$ annual payments. Prepare an amortization schedule, using the amortization table, for the ll and use it to answer the questions.

Click here to view dace $1$ of the Amerization Table

Click here to view page $2$ of the Amortization Table.

The amount of interest for the first payment period is $$450.$

$($Round to the nearest cent as needed.$)$

The portion of the second payment that is applied to reduction of the principal is $ $$