document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1140255>Question 1140255</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you buy an appliance costing ​$1650 at a store charging 14​% ​add-on interest, you make a down payment of $ 800​, and you agree to monthly payments over 4 years. Find the total cost for the appliance plus interest. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760770 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=760770\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> payoff $850<BR>\n" );
document.write( "m=r(PV)/1-(1+r)^(-n); rPV=(.14/12)(850)=9.9166667<BR>\n" );
document.write( "1-(1+r)^(-n)=0.4269<BR>\n" );
document.write( "divide unrounded 9.92/0.4269 to get $23.23 </SPAN>\n" );
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