document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1192911>Question 1192911</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Juan negotiates a ten year loan which requires him to pay $1400 per month for the first five years, and $1700 for the remaining years.The interest rate is 10%, compounded monthly, and the first payment is due in one month.Determine the amount of principal in the 25th payment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #824863 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=824863\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> i believe i was able to solve this using excel.<BR>\n" );
document.write( "below are displays of excerpts from that excel analysis.\r<BR>\n" );
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document.write( "the display shows that the payments are 1400 dollars a month starting at end of month 1.<BR>\n" );
document.write( "it shows that the interest part of the payment is 666.76 and the principal part of the payment is 1033.24 at end of month 25.<BR>\n" );
document.write( "it shows that the payment becomes 1700 starting at the end of month 61.<BR>\n" );
document.write( "it shows that the remaining balance is equal to 0 at the end of month 120.\r<BR>\n" );
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document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo\r<BR>\n" );
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