document.write( "Question 885359: A loan of 2400 dollars is to be paid in the following manner; 300 dollars will be paid at the end of each year plus 10% interest on the unpaid balance at the beginning of the year. Find the total of all the payments. \n" ); document.write( "
Algebra.Com's Answer #535110 by harpazo(655)\"\" \"About 
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I worked out the problem again. I came to the conclusion that the choices given for a possible answer are wrong. \r
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\n" ); document.write( "\n" ); document.write( "A loan of 2400 dollars is to be paid in the following manner;
\n" ); document.write( "300 dollars will be paid at the end of each year
\n" ); document.write( "plus 10% interest on the unpaid balance at the beginning of the year.
\n" ); document.write( "Find the total of all the payments.
\n" ); document.write( "The loan is for $2400.
\n" ); document.write( "2400/300 = 8
\n" ); document.write( "It will take 8 years to make the full payment
\n" ); document.write( "plus 10% on the unpaid balance.
\n" ); document.write( "0.1(2400 + 2100 + 1800 + 1500 + 1200 + 900 + 600 + 300) = 1,080
\n" ); document.write( "The total of all payments will then be $1,080 + $2,400 or $3,480.\r
\n" ); document.write( "\n" ); document.write( "The correct answer is $3,480.
\n" ); document.write( "How can it be anymore? \n" ); document.write( "
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