document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=394770>Question 394770</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount owing on a loan of $7400 at the end of 3 years, with interest at 10.9%/annum, compounded monthly. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #280113 by </B><A HREF=/tutors/aboutme.mpl?userid=jrfrunner><B>jrfrunner(365)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jrfrunner><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/cgi-bin/show-face.mpl?user=jrfrunner><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=280113\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> loan P=7400<BR>\n" );
document.write( "annual interest=0.109<BR>\n" );
document.write( "term=3years<BR>\n" );
document.write( "compounded monthly<BR>\n" );
document.write( "Final =7400*(1-0.109/12)^(3*12)=5328.05 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );