document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1131202>Question 1131202</A>: <I><SPAN STYLE=\"word-break: break-all;\"> can you please help me resolve this question?\r<BR>\n" );
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document.write( "Tiffany bought $3,000 of new furniture on credit. Because her credit score isn't very good, the store is charging her a fairly high interest rate of 17% to finance this purchase. If she agreed to pay off the furniture over 5 years, how much will she have to pay each month?<BR>\n" );
document.write( "Round your answer to the nearest cent.\r<BR>\n" );
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document.write( "$ </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #747838 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=747838\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=(r/n)*PV/(1-(1+(r/n)^(-nk)); r/n is .17/12 and nk=60, the number of payments made<BR>\n" );
document.write( "round at the end<BR>\n" );
document.write( ".0141667 is (r/n)<BR>\n" );
document.write( "0.014166667*3000/(1-(1.0416667)^(-60)<BR>\n" );
document.write( "=$74.56 </SPAN>\n" );
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