document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1195626>Question 1195626</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to buy a car. The loan amount will be $28,000. The company is offering a 2% interest rate for 60 months (5 years). What will your monthly payments be? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #828255 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=828255\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> this is (r/n)*P*(1+(r/n))^nt/(1+(r/n))^n-1<BR>\n" );
document.write( "round at end<BR>\n" );
document.write( "0.02/12=0.0016667 and *P=46.66667<BR>\n" );
document.write( "the second part is 1.0016667^60 (5 years) divided by 1.0016667^60 minus 1<BR>\n" );
document.write( "that is 10.517<BR>\n" );
document.write( "Multiply that by the first part above to get $490.78 </SPAN>\n" );
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