document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1130383>Question 1130383</A>: <I><SPAN STYLE=\"word-break: break-all;\"> James borrows $9000 and amortizes the loan for 4 years at 9 percent compounded annually. What are his yearly payments? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #747107 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=747107\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P= payment (1-(1/1+r)^n)/r<BR>\n" );
document.write( "9000=payment (1-(1/1.09)^4)/.09<BR>\n" );
document.write( "810=payment (0.2915) but round at the end<BR>\n" );
document.write( "payment is $2778.73 annually.<BR>\n" );
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