document.write( "Question 1055159: An engineer has just borrowed 8000 from a local bank at the rate of 1% per month on the unpaid balance. His contract states that he must repay the loan in 35 equal monthly installments. How much money must he repay each month? \n" ); document.write( "
Algebra.Com's Answer #670514 by MathTherapy(10552)\"\" \"About 
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\n" ); document.write( "An engineer has just borrowed 8000 from a local bank at the rate of 1% per month on the unpaid balance. His contract states that he must repay the loan in 35 equal monthly installments. How much money must he repay each month?
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Monthly payment: \"highlight_green%28%22%24232.02%22%29\" \n" );
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