document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=714644>Question 714644</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use a calculator to evaluate the amortization formula.<BR>\n" );
document.write( "For the values of the variables p, r and t( respectively) assume n =12.( round to the nearest cent)<BR>\n" );
document.write( "$150,000; 6%; 25 yr. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #438925 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20850)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><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=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=438925\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> using calculator http://www.vertex42.com/ExcelArticles/amortization-calculation.html, answer is: $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+17891.55 ALIGN=MIDDLE  ALT=\"+17891.55\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "using formula:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%28r%281%2Br%29%5En%2F%28%281%2Br%29%5En-1%29%29 ALIGN=MIDDLE  ALT=\"A=P%28r%281%2Br%29%5En%2F%28%281%2Br%29%5En-1%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > \r<BR>\n" );
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document.write( "where <BR>\n" );
document.write( "    <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A ALIGN=MIDDLE  ALT=\"A\"   DISABLED_style= \"max-width:90%; height:auto;\" > => payment Amount per period<BR>\n" );
document.write( "    <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=150+000 ALIGN=MIDDLE  ALT=\"P=150+000\"   DISABLED_style= \"max-width:90%; height:auto;\" >=> initial Principal (loan amount)<BR>\n" );
document.write( "    <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.06+ ALIGN=MIDDLE  ALT=\"r=0.06+\"   DISABLED_style= \"max-width:90%; height:auto;\" >= >interest rate per period<BR>\n" );
document.write( "    <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n+=12 ALIGN=MIDDLE  ALT=\"n+=12\"   DISABLED_style= \"max-width:90%; height:auto;\" >=> total number of payments or periods\r<BR>\n" );
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document.write( "we have\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=150000%280.06%281%2B0.06%29%5E12%2F%28%281%2B0.06%29%5E12-1%29%29 ALIGN=MIDDLE  ALT=\"A=150000%280.06%281%2B0.06%29%5E12%2F%28%281%2B0.06%29%5E12-1%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=150000%280.06%281.06%29%5E12%2F%28%281.06%29%5E12-1%29%29 ALIGN=MIDDLE  ALT=\"A=150000%280.06%281.06%29%5E12%2F%28%281.06%29%5E12-1%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >......<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281.06%29%5E12=2.012196471835550329409536 ALIGN=MIDDLE  ALT=\"%281.06%29%5E12=2.012196471835550329409536\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=150000%280.06%2A2.012196471835550329409536%2F%282.012196471835550329409536-1%29%29 ALIGN=MIDDLE  ALT=\"A=150000%280.06%2A2.012196471835550329409536%2F%282.012196471835550329409536-1%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=150000%280.12073178831013301976457216%2F1.012196471835550329409536%29 ALIGN=MIDDLE  ALT=\"A=150000%280.12073178831013301976457216%2F1.012196471835550329409536%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=150000%280.119277%29 ALIGN=MIDDLE  ALT=\"A=150000%280.119277%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=17891.55 ALIGN=MIDDLE  ALT=\"A=17891.55\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( " </SPAN>\n" );
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