document.write( "Question 468181: a college's education costs $15,000 a year and takes 4 yr. to complete .
\n" ); document.write( "to help a needy student pay for college , the college agrees to let the
\n" ); document.write( "student pay $500 a month for each month during the during the 4 yr. that the
\n" ); document.write( "student is in college . then the student must pay off the balance over
\n" ); document.write( "the next 3yr. by making equal monthly payments . how much will
\n" ); document.write( "each of those monthly payments be ? \n" ); document.write( "

Algebra.Com's Answer #321249 by josmiceli(19441) $\"\"$ $\"About$

You can put this solution on YOUR website!
The tuition is $\"+15000%2A4+=+60000+\"$ dollars
\n" ); document.write( " $\"+500+\"$ dollars/month x $\"12\"$ months x $\"4\"$ yrs = $\"+24000+\"$ dollars
\n" ); document.write( " $\"+60000+-+24000+=+36000+\"$ balance due
\n" ); document.write( " $\"+36000+%2F+%28+3%2A12%29+=+1000+\"$ dollars
\n" ); document.write( "The monthly payments were $1000 \n" ); document.write( "

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