document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=259811>Question 259811</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A $152,400 loan is taken out, at 11.5% for 25 years, for the purchase of a house.  The loan requires monthly payments. Find the amount of each payment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #191347 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=191347\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> PMT=(L*i*(1+i)^300)/((1+i)^300-1)<BR>\n" );
document.write( "PMT=(152400*.115*(1.115)^300)/(1.115)^300-1<BR>\n" );
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