document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1103064>Question 1103064</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Lupe made a down payment of $1800 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 11%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $210/month for 48 months. What is the cash price of the car? (Round your answer to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #717757 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=717757\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+C+ ALIGN=MIDDLE  ALT=\"+C+\"   DISABLED_style= \"max-width:90%; height:auto;\" > = the cash price of the car<BR>\n" );
document.write( "Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+ ALIGN=MIDDLE  ALT=\"+A+\"   DISABLED_style= \"max-width:90%; height:auto;\" > = the cost of the loan<BR>\n" );
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document.write( "The loan was done after the down payment<BR>\n" );
document.write( "so the amount loaned was <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+C+-+1800+ ALIGN=MIDDLE  ALT=\"+C+-+1800+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+210%2A48+=+10080+ ALIGN=MIDDLE  ALT=\"+A+=+210%2A48+=+10080+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Use the formula<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+ ALIGN=MIDDLE  ALT=\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+10080+=+%28+C+-+1800+%29%2A%28+1+%2B+.11%2F12+%29%5E%28+12%2A4+%29+ ALIGN=MIDDLE  ALT=\"+10080+=+%28+C+-+1800+%29%2A%28+1+%2B+.11%2F12+%29%5E%28+12%2A4+%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+10080+=+%28+C+-+1800+%29%2A1.009167%5E48+ ALIGN=MIDDLE  ALT=\"+10080+=+%28+C+-+1800+%29%2A1.009167%5E48+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+10080+=+%28+C+-+1800+%29%2A1.5496+ ALIGN=MIDDLE  ALT=\"+10080+=+%28+C+-+1800+%29%2A1.5496+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+C+-+1800+=+6504.9127+ ALIGN=MIDDLE  ALT=\"+C+-+1800+=+6504.9127+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+C+=+8304.91+ ALIGN=MIDDLE  ALT=\"+C+=+8304.91+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The cash price of the car was $8,304.91<BR>\n" );
document.write( "Get another opinion if needed\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );