document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1130380>Question 1130380</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jason pays off a $163000 mortgage by making equal payments at the end of each month for 30 years. Find his monthly payment if the interest is 4.31 percent compounded monthly. <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 #753150 by </B><A HREF=/tutors/aboutme.mpl?userid=VFBundy><B>VFBundy(438)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=VFBundy><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=VFBundy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=753150\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Monthly payment = (163000 * 0.0431/12) / (1 - (1/(1+0.0431/12)^(12*30))<BR>\n" );
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document.write( "This comes out to $807.60. </SPAN>\n" );
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