document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=503694>Question 503694</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 ½ percent. Matty's principal balance at the beginning of June is: (Use 360 days)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #339360 by </B><A HREF=/tutors/aboutme.mpl?userid=oberobic><B>oberobic(2304)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=oberobic><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=339360\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x = debt on the Volvo.<BR>\n" );
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document.write( "0.085/12 = .0070833 interest per month<BR>\n" );
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document.write( ".0070833x = $400<BR>\n" );
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document.write( "x = 400/0.0070833<BR>\n" );
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document.write( "x = $56470.85<BR>\n" );
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document.write( "Done. </SPAN>\n" );
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