document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1131504>Question 1131504</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Martha brought a $500,000.00 house, paying 10% down, and financing the rest at 5% interest compound monthly for 25 years. Find her monthly payments. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #748873 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=748873\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> She finances 500,000 - 10% = 450,000<BR>\n" );
document.write( "450,000[(0.05/12)(1+(0.05/12))^300]/[1+(0.05/12))^300 - 1] = Payment<BR>\n" );
document.write( "450,000[0.00417(3.4848)]/[3.4848 - 1] = Payment<BR>\n" );
document.write( "[450,000(0.01453)]/2.4848 = 2,631.40 this is the amount of her monthly payments </SPAN>\n" );
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