document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1146793>Question 1146793</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Richard Miyashiro purchased a condominium and obtained a 30-year loan of $191,000 at an annual interest rate of 8.35%. (Round your answers to the nearest cent.)<BR>\n" );
document.write( "(a) What is the mortgage payment?<BR>\n" );
document.write( "(b) What is the total of the payments over the life of the loan?<BR>\n" );
document.write( "(c) Find the amount of interest paid on the mortgage loan over the 30 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #768093 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=768093\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P = M[r(1 + r/n)^nr]/[(1 + r/n)^nr - 1]\r<BR>\n" );
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document.write( "round at end.  Doing this ignoring M for now<BR>\n" );
document.write( "get $1448.37<BR>\n" );
document.write( "r is 0.0835<BR>\n" );
document.write( "r/n is 0.0835/12<BR>\n" );
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