document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1054137>Question 1054137</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to buy a $20,000 car. The company is offering a 5% interest rate for 60 months (5 years). What will your monthly payments be? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #669332 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=669332\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 20000=payment*{(1-r/n)^nt-1}/(r/n)<BR>\n" );
document.write( "r/n=0.05/12<BR>\n" );
document.write( "nt=5*12=60<BR>\n" );
document.write( "20000=P(1.00416667)^60)-1)/0.0041667, multiply both sides by 0.00416667<BR>\n" );
document.write( "83.33=P(0.2833)<BR>\n" );
document.write( "P=$294.09<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );