You purchased a car uaing some cash and bonowing $7,000 (the present value) for 59 months at 15% per year. Caloulate the monthy payment (annuity). Then assume you hava made ten parymenta. What is the balance (present value) of your loan? The mortly pryment at the speciled ioan rale over the given period is 1 (Found to the naarest cent)