document.write( "Question 458032: Jack agrees to pay back a $50,000 loan over a 10year period. If the interest rate is 8%, what will his monthly payment be? \r
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\n" ); document.write( "\n" ); document.write( "I got $4000 i donk know if its right.
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Algebra.Com's Answer #314191 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
There are \"+10%2A12+=+120+\" months in \"+10+\" years
\n" ); document.write( "The amount of principle he has to pay back each month is:
\n" ); document.write( "\"+50000+%2F+120+=+416.67+\"
\n" ); document.write( "The interest due is \"+.08%2A50000+=+4000+\"
\n" ); document.write( "Over 10 years that is \"+4000%2F120+=+33.33+\" per month
\n" ); document.write( "(principle + interest) = monthly payment
\n" ); document.write( "\"+416.67+%2B+33.33+=+450+\"
\n" ); document.write( "Jack's monthly payment is $450
\n" ); document.write( "Hope I got it\r
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