document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1131530>Question 1131530</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Peter wants to borrow $3,000. He has two payment plans to choose from. Plan A is 4% interest over 6 years. Plan B is 5% interest over 4 years. Using the formula mc024-1.jpg for payment, m, which statement best compares the plans?<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 #748883 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=748883\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> compare (1+.04)^6 with (1+.05)^4, since they are both multiplied by $3000\r<BR>\n" );
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document.write( "that is 1.27 vs. 1.22<BR>\n" );
document.write( "the first one will be more expensive to repay. An extra year or two makes a significant difference. </SPAN>\n" );
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