document.write( "Question 1163688: Bob requires a loan of $39,000 to buy a sport utility vehicle. His bank offers financing at 8.4% compounded monthly, for a term of 5 years, payable monthly.\r
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Algebra.Com's Answer #787873 by solver91311(24713)\"\" \"About 
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\n" ); document.write( "\n" ); document.write( "Let represent the Monthly Payment for a fully amortized loan for a principal amount of at rate of interest per month expressed as a decimal for months.\r
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\n" ); document.write( "\n" ); document.write( "Plug in your numbers and do the arithmetic to get the monthly payment. The total cost of the loan is the monthly payment times the number of payments.\r
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\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it
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