document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1050470>Question 1050470</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You need to borrow $24,000 to buy a car. You can only afford to make monthly payments of $550. The bank offers 3 choices:3- year loan at 5%, 4-year loan at 6%, and 5-year loan at 7%.<BR>\n" );
document.write( "A) What's the monthly payment for each loan?<BR>\n" );
document.write( "B)Which loan is best for your situation?<BR>\n" );
document.write( "C) What's the total amount you would pay over the term of each loan? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #666069 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><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=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=666069\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 3- year loan at 5%: $667.18 (x36 for total amount you would pay over the term of the loan)<BR>\n" );
document.write( "4-year loan at 6%: $500.61 **** x 48<BR>\n" );
document.write( "5-year loan at 7%: $400.71 x60<BR>\n" );
document.write( "C: Multiply each by the number of monthly pmts for total amount you would pay over the term of the loan.\r<BR>\n" );
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