document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1163690>Question 1163690</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Shania has decided to purchase a new living room suite for $3,985.00, including tax. She chose to buy it with her credit card, with an annual interest rate of 24.99%.\r<BR>\n" );
document.write( "\n" );
document.write( "What monthly payment would Shania have to make to pay off this balance in three years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #787871 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=787871\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Let <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large M\"> represent the Monthly Payment for a fully amortized loan for a principal amount of <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large P\"> at <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large r\"> rate of interest per month expressed as a decimal for <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large n\"> months.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \ \ \ \ \ \ \ \ \ \ M\ =\ P\frac{r\(1\,+\,r)^n}{(1\,+\,r)^n\ -\ 1}\"><BR>\n" );
document.write( " \r<BR>\n" );
document.write( "\n" );
document.write( "Plug in your numbers and do the arithmetic.\r<BR>\n" );
document.write( "\n" );
document.write( "																<BR>\n" );
document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src=\"http://c0rk.blogs.com/gr0undzer0/darwin-fish.jpg\"><BR>\n" );
document.write( "<font face=\"Times New Roman\" size=\"+2\"><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );