document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1173829>Question 1173829</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how long does someone need to invest $1500 at a rate of 0.062% in order to pay off a loan for $1904.5?(what is the formula) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #799163 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13330)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=799163\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Good luck if you really mean 0.062% as an annual rate....<br><BR>\n" );
document.write( "0.062% as a decimal is 0.00062, so the yearly growth factor is 1.00062.  The equation to be solved to find the answer to the problem is<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1500%281.00062%29%5Ex+=+1904.5 ALIGN=MIDDLE  ALT=\"1500%281.00062%29%5Ex+=+1904.5\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Use a calculator to find the answer is about 385 years....<br><BR>\n" );
document.write( "Of course the answer is quite different if you really mean 6.2%, which is 0.062 as a decimal.<br><BR>\n" );
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