document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=334306>Question 334306</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A car dealer offer you two deals on a car that costs $16,000.00.  Please calculate the monthly payment, given these two pament options the car dealer is offering.<BR>\n" );
document.write( "Payment Option 1:  you can finance the car for 60 months with no interest if you make a $3,000.00 down payment.<BR>\n" );
document.write( "Payment Option 2.  You can finance the car fo 72 months (6 years) with 1% simple annual interest and no down payment.<BR>\n" );
document.write( "Which monthly payment amunt is lower?  Please explain to me how you arrived at your answer and show all of your work for each option.  I cannot seem to get this problem right. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #239533 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=239533\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 16000-3000=13000<BR>\n" );
document.write( "13000/60=216.67 per mo<BR>\n" );
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document.write( "16000*.01*5=800<BR>\n" );
document.write( "16800/72=233.33 per mo </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );