document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1088802>Question 1088802</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Omar has decided to purchase an $11,000 car. He plans on putting 20% down toward the purchase, and financing the rest at 4.8% interest rate for 3 years. find his monthly payment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #703369 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=703369\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the car is 11000.\r<BR>\n" );
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document.write( "he puts 20% down which is equal to 2200.\r<BR>\n" );
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document.write( "the balance to be paid off on installments is 8800.\r<BR>\n" );
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document.write( "the interest rate is 4.8% per year compounded monthly.\r<BR>\n" );
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document.write( "use an annuity calculator to find the required payment at the end of each month.\r<BR>\n" );
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document.write( "one such calculator can be found at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blalnk\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "results from this calculator are shown below:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/072802.jpg\" alt=\"$$$\" </>\r<BR>\n" );
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document.write( "your inputs to this calculator would be:\r<BR>\n" );
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document.write( "present value = 8800<BR>\n" );
document.write( "future value = 0<BR>\n" );
document.write( "number of periods = 3 * 12 = 36<BR>\n" );
document.write( "payment = 0 or left blank<BR>\n" );
document.write( "rate percent = 4.8 / 12 = .4<BR>\n" );
document.write( "payment is at end of time period\r<BR>\n" );
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document.write( "then click on PMT and you'll get the answer.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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