document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1069014>Question 1069014</A>: <I><SPAN STYLE=\"word-break: break-all;\"> &#8203;E-Loan, an online lending&#8203; service, recently offered 36-month auto loans at 5.4 %<BR>\n" );
document.write( "compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $524 \r<BR>\n" );
document.write( "\n" );
document.write( "You can borrow ???<BR>\n" );
document.write( ". <BR>\n" );
document.write( "&#8203;(Round to two decimal&#8203; places.)<BR>\n" );
document.write( "You will pay a total of in interest??&#8195;&#8203;(Round to two decimal&#8203; places.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #684281 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=684281\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=P(1-(1+i)^-n)/(i); i=r/n<BR>\n" );
document.write( "Amount= 524(1-1+(.054/12))^-36 all divided by .054/12<BR>\n" );
document.write( "=524*<BR>\n" );
document.write( "Do the calculations starting with the parentheses, raising it to the -36th power, subtracting the result from 1, then dividing by (.054/12).  Multiply that by 524.  The last two steps may be done in reverse order, multiplying by 524 then dividing by 0.0045, (.054/12)<BR>\n" );
document.write( "=$17,329.30, rounding at the end. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );