document.write( "Question 1063166: Jerry’s loan had a principal of $22,000. He made quarterly payments of $640 for nine years until the loan was paid in full. How much did Jerry pay in interest? \n" ); document.write( "

Algebra.Com's Answer #678191 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
Find the total number of payments,
\n" ); document.write( " $\"T=640%2A4%2A9\"$
\n" ); document.write( " $\"T=23040\"$
\n" ); document.write( ".
\n" ); document.write( ".
\n" ); document.write( "Total=Principal+Interest
\n" ); document.write( ".
\n" ); document.write( ".
\n" ); document.write( " $\"23040=22000%2BI\"$
\n" ); document.write( " $\"I=1040\"$
\n" ); document.write( ".
\n" ); document.write( ".
\n" ); document.write( "$1040.00
\n" ); document.write( " \n" ); document.write( "

\n" );