Dean used the Quantitative Reasoning Process to come up with plan to pay off his credit cardloan of $8,080. The interest rate on his loanis 11.64% annually and he will be making monthly payments of $141.1 for 7 years. Complete Month 1 ofthe amortization table below.

What is Dean'sEnding Balancefor Month 1?

Month Beginning Balance Payment: To interest Payment: To principal Ending Balance

1 ?

2

3

$