document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1138035>Question 1138035</A>: <I><SPAN STYLE=\"word-break: break-all;\"> To buy a computer, Tom  borrowed $3000 at 9% simple interest calculated yearly if you will be making monthly payments for four years what is the amount of interest paid over four years what is the total amount to be paid back what is the monthly payment amount? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #755914 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=755914\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest over four years:<BR>\n" );
document.write( "3000 * 0.09 * 4 =  $1080<BR>\n" );
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document.write( "Amount to be paid back:<BR>\n" );
document.write( "$3000 + $1080 = $4080<BR>\n" );
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document.write( "Monthly payment:<BR>\n" );
document.write( "$4080/48 = $85 </SPAN>\n" );
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