document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=201915>Question 201915</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please Help:<BR>\n" );
document.write( "Find the payment necessary to amortize the loan.\r<BR>\n" );
document.write( "\n" );
document.write( "$1600; 12% compounded quarterly; 8 quarterly payments<BR>\n" );
document.write( " A) $227.99<BR>\n" );
document.write( " B) $322.09<BR>\n" );
document.write( " C) $227.93<BR>\n" );
document.write( " D) $205.49<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #152183 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=152183\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> PMT=(L*i*(1+i)^n)/(1+i)^n-1<BR>\n" );
document.write( "PMT=(1600*(.12/4)*(1+.12/4)^8)/(1+i)^8-1<BR>\n" );
document.write( "PMT=(1600*.03*(1.03)^8)/(1.03)^8<BR>\n" );
document.write( "PMT 48*1.26677/.26677<BR>\n" );
document.write( "PMT=60.80/.26677=227.93 (C) </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );