Question: Gabe used the Quantitative Reasoning Process to create a plan to pay off his student loan of $6,100. The interest rate on his loan is

Gabe used the Quantitative Reasoning Process to create a plan to pay off his student loan of $6,100. The interest rate on his loan is 8.52% annually and he will be making monthly payments of $108.5 for 6 years. Complete Month 1 of the amortization table below.

What is Gabe's Ending Balance for Month 1?

Month	Beginning Balance	Payment: To Interest	Payment: To Principal	Ending Balance
1	$6,100			??
2
3

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