document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1114289>Question 1114289</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Andy borrowed $52,000 in student loans for college at 6.5% interest,to be paid back in 10 years. How much interest will he have to pay? How much will he pay back altogether? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #729274 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=729274\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 52,000 * 1.065 ^ 10 = 97,611.14819\r<BR>\n" );
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document.write( "that's how much he will have to pay back in 10 years, assuming he has made no payments until the 10 years is up.\r<BR>\n" );
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document.write( "the total amount of interest he has payed is equal to 97,611.14819 - 52,000 = 45,611.14819.\r<BR>\n" );
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