document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1122078>Question 1122078</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You can afford a $1400 per month mortgage payment. You've found a 30 year loan at 7% interest.\r<BR>\n" );
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document.write( "a) How big of a loan can you afford?\r<BR>\n" );
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document.write( "b) How much total money will you pay the loan company?\r<BR>\n" );
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document.write( "c) How much of that money is interest?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #738117 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=738117\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "The present value (PV) of a stream of deposits (P) for n periods at a rate of r per period is given by:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \ \ \ \ \ \ \ \ \ \ PV\ =\ P\(\frac{1\,-\,(1\,+\,r)^{-n}}{r}\)\">\r<BR>\n" );
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document.write( "Your P is 1400, your r is 0.07 divided by 12, and your n is 30 times 12.\r<BR>\n" );
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document.write( "The total of your payments, presuming that you hold the loan to maturity, is 1400 times 12 times 30.\r<BR>\n" );
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document.write( "The amount of interest paid is the difference between the answers to part a and b<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large \ \\r\"> </SPAN>\n" );
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