Question
Truman used the Quantitative Reasoning Process to create a plan to pay off his auto loan of $8,720. The interest rate on his loan is
Truman used the Quantitative Reasoning Process to create a plan to pay off his auto loan of $8,720. The interest rate on his loan is 6.6% annually and he will be making monthly payments of $129.9 for 7 years. Complete Month 1 of the amortization table below.
| Month | Beginning Balance | Payment: To Interest | Payment: To Principal | Ending Balance |
| 1 | ??? | |||
| 2 |
What is Truman's Ending Balance for Month 1?
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