Question: Tucker used the Quantitative Reasoning Process to create a plan to pay off his auto loan of $6,486. The interest rate on his loan is
Tucker used the Quantitative Reasoning Process to create a plan to pay off his auto loan of $6,486. The interest rate on his loan is 8.1% annually and he will be making monthly payments of $182.53. Complete Month 1 of the amortization table below.
| Month | Beginning Balance | Payment: To Interest | Payment: To Principal | Ending Balance |
| 1 | ??? | |||
| 2 |
What is Tucker'sEnding Balance for Month 1?
(Round your final answer to the nearest cent, which means to the hundredth place, which is two places after the decimal. Don't include the dollar sign.)
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