What would be the first months interest payment be for a loan of 7,659.43 at 11% for 6 months?

1) 11/12 = .9166 % FOR 1 Month.
2) 7,659.43 @ .9166% = 70.21

Month's Interest = 70.21.

Sorry, Rolcam. Yes, your answer is correct, but it looked completely strange and went over my head what you were doing. It might have helped if you'd written 11%/12, or .11/12. (It looked like 11 months out of 12 to me.)

Principle x Rate x Time is the more common method:

7659.43 x .11 x 1/12