document.write( "Question 1130383: James borrows $9000 and amortizes the loan for 4 years at 9 percent compounded annually. What are his yearly payments? \n" ); document.write( "
Algebra.Com's Answer #747106 by MathLover1(20850)\"\" \"About 
You can put this solution on YOUR website!

\n" ); document.write( "James borrows $9000 and amortizes the loan for 4 years at 9 percent compounded annually. What are his yearly payments? \r
\n" ); document.write( "\n" ); document.write( "\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\"\r
\n" ); document.write( "\n" ); document.write( "James borrows $\"9000\"=>\"P=9000\"
\n" ); document.write( "the loan for \"4\" years=>\"n=4\"
\n" ); document.write( "\"9\"%=\"0.09\" percent compounded annually=>\"r=0.09\"\r
\n" ); document.write( "\n" ); document.write( "\"A=9000%281%2B0.09%2F4%29%5E%284%2A4%29\"\r
\n" ); document.write( "\n" ); document.write( "\"A+=+12848.6\"\r
\n" ); document.write( "\n" ); document.write( "to find out what are his yearly payments, divide \"A+=+12848.6\" by \"4\"\r
\n" ); document.write( "\n" ); document.write( "\"A%2F4+=+12848.6%2F4\"\r
\n" ); document.write( "\n" ); document.write( "\"A%2F4+=+3212.15\"\r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );