document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=69362>Question 69362</A>: <I><SPAN STYLE=\"word-break: break-all;\"> John's three year home improvement loan is to be repaid in monthly installments of $375.90 each.  If the annual rate (as simple interest) is 14.4%, what is the principal of the loan.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #50965 by </B><A HREF=/tutors/aboutme.mpl?userid=Smirnov><B>Smirnov(15)</B></A><img src=\"/images/stars/stars-06.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Smirnov><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=50965\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Lets find monthly intrest:\r<BR>\n" );
document.write( "\n" );
document.write( "14.4%/12= 1.2%.\r<BR>\n" );
document.write( "\n" );
document.write( "Lets find INTREST PER MONTH:\r<BR>\n" );
document.write( "\n" );
document.write( "(375.90/100)*1.2 is 4.5108 or about $4.51\r<BR>\n" );
document.write( "\n" );
document.write( "Lets multiply by 36 months:\r<BR>\n" );
document.write( "\n" );
document.write( "4.5108*36=162.3888 or about 162.39.\r<BR>\n" );
document.write( "\n" );
document.write( "Find total paid:\r<BR>\n" );
document.write( "\n" );
document.write( "375.90*36=13532.40\r<BR>\n" );
document.write( "\n" );
document.write( "and subtract the 162.39...\r<BR>\n" );
document.write( "\n" );
document.write( "the principal would be 13370.01\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "DONE! </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );