document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=199302>Question 199302</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am confusing myself on this one. I know it's compound interest formula, but getting confused on the payment amount.\r<BR>\n" );
document.write( "\n" );
document.write( "Suppose you take out a loan for $160,000 at 7.75% compounded monthly and agree to repay the loan in equal monthly payments.  How much should each payment be in order to pay off the loan in 30 years?\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Thanks </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #149761 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=149761\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> $1147/mo </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );