document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1194576>Question 1194576</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the monthly payment for the loan indicated. (Round your final answer to two decimal places. See Example 5.)<BR>\n" );
document.write( "To purchase a home, a family borrowed $87,000 at an annual interest rate of 6.3% for 20 years.\r<BR>\n" );
document.write( "\n" );
document.write( "$ <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #826822 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20850)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><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=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=826822\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "buying  price = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=87000 ALIGN=MIDDLE  ALT=\"87000\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "interest rate = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=6.3 ALIGN=MIDDLE  ALT=\"6.3\"   DISABLED_style= \"max-width:90%; height:auto;\" >% = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.063 ALIGN=MIDDLE  ALT=\"0.063\"   DISABLED_style= \"max-width:90%; height:auto;\" >-> monthly interest rate= <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.063%2F12=0.00525 ALIGN=MIDDLE  ALT=\"0.063%2F12=0.00525\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "time = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" > years => <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=240 ALIGN=MIDDLE  ALT=\"240\"   DISABLED_style= \"max-width:90%; height:auto;\" > months (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20+%2A+12 ALIGN=MIDDLE  ALT=\"20+%2A+12\"   DISABLED_style= \"max-width:90%; height:auto;\" >)\r<BR>\n" );
document.write( "\n" );
document.write( "let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M ALIGN=MIDDLE  ALT=\"M\"   DISABLED_style= \"max-width:90%; height:auto;\" > be monthly payment\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=87000=%28M%2F0.00525%29%281-1%2F%281%2B0.00525%29%5E240%29 ALIGN=MIDDLE  ALT=\"87000=%28M%2F0.00525%29%281-1%2F%281%2B0.00525%29%5E240%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=87000%2A0.00525=M%281-0.28459048383728347%29 ALIGN=MIDDLE  ALT=\"87000%2A0.00525=M%281-0.28459048383728347%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=456.75=M%280.71540951616271653%29 ALIGN=MIDDLE  ALT=\"456.75=M%280.71540951616271653%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M=456.75%2F0.71540951616271653 ALIGN=MIDDLE  ALT=\"M=456.75%2F0.71540951616271653\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M=638.4455192179948 ALIGN=MIDDLE  ALT=\"M=638.4455192179948\"   DISABLED_style= \"max-width:90%; height:auto;\" >...Round  to two decimal places\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Monthly payment is  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M=638.45 ALIGN=MIDDLE  ALT=\"M=638.45\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );