document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1195635>Question 1195635</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jenelle bought a home for $220,000, paying 24% as a down payment, and financing the rest at 5.2% interest for 30 years. Round your answers to the nearest cent.<BR>\n" );
document.write( "How much money did Jenelle pay as a down payment? $<BR>\n" );
document.write( "  <BR>\n" );
document.write( "What was the original amount financed? $<BR>\n" );
document.write( "  <BR>\n" );
document.write( "What is her monthly payment? $<BR>\n" );
document.write( "  <BR>\n" );
document.write( "If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. $<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 #828219 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=828219\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 24% of 220,000 = 52,800.<BR>\n" );
document.write( "that's the down payment.<BR>\n" );
document.write( "the amount financed = 220,000 - 52,800 = 167,200.<BR>\n" );
document.write( "the number of months is 30 * 12 = 360.<BR>\n" );
document.write( "the interest rate per month is 5.2/12 = .433333333...% per month.<BR>\n" );
document.write( "the amount of money to be paid at the end of each month = 918.11.<BR>\n" );
document.write( "this is rounded to the nearest penny.<BR>\n" );
document.write( "answers to your questions are:\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "How much money did Jenelle pay as a down payment? $<BR>\n" );
document.write( ".24 * 220,000 = 52,800.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "What was the original amount financed?<BR>\n" );
document.write( "220,000 minus 52,800 = 167,200.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "What is her monthly payment?<BR>\n" );
document.write( "payment at the end of each month = 918.11, rounded to the nearest penny.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer.<BR>\n" );
document.write( "she would pay 52,800 for the down payment plus 918.11 * 360 = 330,519.6 for the loan for a total of 383,319.6.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "here are the results from the online calculator that i used at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2022/072401.jpg\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "inputs are everything except pmt.<BR>\n" );
document.write( "output is pmt.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );