document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1118312>Question 1118312</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the payment necessary to amortize a 12% loan of &#8203;$1800 compounded&#8203; quarterly, with 17 quarterly payments.\r<BR>\n" );
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document.write( "The payment size is $? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #733744 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=733744\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Payment=1800(.03)(1.03^17)/(1.03^17-1)<BR>\n" );
document.write( "the .03 is the interest rate .12 divided by 4, quarterly.<BR>\n" );
document.write( "round at the end<BR>\n" );
document.write( "$136.71<BR>\n" );
document.write( "formula is P=Ar(1+r)^n/[(1+r)^n-1]<BR>\n" );
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