document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=588234>Question 588234</A>: <I><SPAN STYLE=\"word-break: break-all;\"> please help i do not know if i did this question right?\r<BR>\n" );
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document.write( "Sandy borrows $20,000 from her local credit union at an annual interest rate of 4.6% compounded monthly. She decides that she can make monthly payments of $350. How long will it take until Sandy pays off the loan?\r<BR>\n" );
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document.write( "my answer is 124 months </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #374418 by </B><A HREF=/tutors/aboutme.mpl?userid=dfrazzetto><B>dfrazzetto(283)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=dfrazzetto><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=dfrazzetto><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=374418\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A = P(1+r/n)^t\r<BR>\n" );
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document.write( "Set the total value of the loan equal to 350 x t to find the number of months when they become equal\r<BR>\n" );
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document.write( "20000(1+.046/12)^t = 350t\r<BR>\n" );
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document.write( "1.00383333^t = .0175t\r<BR>\n" );
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document.write( "Cannot be solved analytically, solve graphically\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+graph%28+900%2C+900%2C+-1%2C+900%2C+-1%2C+15%2C+.0175x%2C+1.00383333%5Ex%29+ ALIGN=MIDDLE  ALT=\"+graph%28+900%2C+900%2C+-1%2C+900%2C+-1%2C+15%2C+.0175x%2C+1.00383333%5Ex%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "t = 76.6 </SPAN>\n" );
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