document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1074662>Question 1074662</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mike wants to buy a new car. He is able to negotiate a price of $21,500. He can secure a 48 month car loan at 6.8% if he can make a down payment of 20% of the price.\r<BR>\n" );
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document.write( "a. How much are his car payments\r<BR>\n" );
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document.write( "b. At the end of 20 months, Mike gets a bonus from work, and he decides to pay off his car loan. How much does he owe after 20 months? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #689638 by </B><A HREF=/tutors/aboutme.mpl?userid=MathTherapy><B>MathTherapy(10552)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathTherapy><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=MathTherapy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=689638\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "Mike wants to buy a new car. He is able to negotiate a price of $21,500. He can secure a 48 month car loan at 6.8% if he can make a down payment of 20% of the price.\r<BR>\n" );
document.write( "\n" );
document.write( "a. How much are his car payments\r<BR>\n" );
document.write( "\n" );
document.write( "b. At the end of 20 months, Mike gets a bonus from work, and he decides to pay off his car loan. How much does he owe after 20 months?<BR>\n" );
document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">Monthly payment: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight_green%28%22%24410.28%22%29 ALIGN=MIDDLE  ALT=\"highlight_green%28%22%24410.28%22%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "After month 20, amount owed was: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight_green%28%22%2410%2C595.18%22%29 ALIGN=MIDDLE  ALT=\"highlight_green%28%22%2410%2C595.18%22%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
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