document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1140256>Question 1140256</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The Giordanos buy ​$7200 worth of furniture for their new home. They pay ​$2000 down. The store charges 8​% ​add-on interest. The Giordanos will pay off the furniture in 18 monthly payments ​(1 and one half<BR>\n" );
document.write( " ​years). Find the monthly payment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760769 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=760769\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> need to pay $5200<BR>\n" );
document.write( "5200=m(1+(.08/12))^18-1 divided by (.08/12)(1+(.08/12)^18<BR>\n" );
document.write( "5200=m(0.1270)/(0.006666667)(1.0066667^18), round at end<BR>\n" );
document.write( "monthly payment is $307.53 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );