Badu used the Quantitative Reasoning Process to create a plan to pay off his credit card...
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Badu used the Quantitative Reasoning Process to create a plan to pay off his credit card loan of 7,794. The interest rate on his loan is 7.13% annually and he will be making monthly payments of 226.11. Complete Month one of the amortization table below. What is Badu's Ending Balance for Month 1? Beginning Payment: Payment: To Ending To Interest Principal Balance Balance Month 1 2 3 7,794 ???? (Round your answer to the nearest cent, and don't include the euro sign.) Badu used the Quantitative Reasoning Process to create a plan to pay off his credit card loan of 7,794. The interest rate on his loan is 7.13% annually and he will be making monthly payments of 226.11. Complete Month one of the amortization table below. What is Badu's Ending Balance for Month 1? Beginning Payment: Payment: To Ending To Interest Principal Balance Balance Month 1 2 3 7,794 ???? (Round your answer to the nearest cent, and don't include the euro sign.)
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