document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=459918>Question 459918</A>: <I><SPAN STYLE=\"word-break: break-all;\"> This is a Simple Interest exercise. \r<BR>\n" );
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document.write( "Gilbert White wants to borrow $2250 for 3 years to remodel his garage. The anual rate is 18%. If the principal and interest are repaid in equal monthly installments, how much will each installment be? \r<BR>\n" );
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document.write( "The answer is $96.25. I want to know how to get that answer. I tried the I=Prt and didnt get close to that answer.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #315423 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=315423\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Gilbert White wants to borrow $2250 for 3 years to remodel his garage. The anual rate is 18%. If the principal and interest are repaid in equal monthly installments, how much will each installment be? <BR>\n" );
document.write( "The answer is $96.25.<BR>\n" );
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document.write( "Please see the following site:<BR>\n" );
document.write( "http://www.ehow.com/how_5019102_calculate-monthly-installment-payments.html<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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