document.write( "Question 1083134: Al thinks he will buy his boat this year. If he can afford a loan of $400 per month and the bank charges 5.1% / a compounded monthly. Al wishes to pay off his boat loan in 4 years. How much could he borrow now? \n" ); document.write( "
Algebra.Com's Answer #697138 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Al thinks he will buy his boat this year. If he can afford a loan of $400 per month and the bank charges 5.1% / a compounded monthly. Al wishes to pay off his boat loan in 4 years. How much could he borrow now? \n" ); document.write( " Correct answer: He can borrow:\n" ); document.write( " |