document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1196244>Question 1196244</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me with the homework below:<BR>\n" );
document.write( "Peter get employed on the first of January 2020, suppose Peter purchase an apartment of R180000.00 with a deposit of R45000. Peter secure a mortgage bond with a bank for the balance at 18% interest per annum, compound monthly with a term Of 20 years. What will be the monthly payment?<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 #829339 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=829339\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> using the calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a>, i get the following.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2022/091902.jpg\"><BR>\n" );
document.write( "payment at the end of each month = 2,083.47 is your answer.<BR>\n" );
document.write( "present value = 180,000 minus 45,000 = 135,000.<BR>\n" );
document.write( "that's your loan amount.<BR>\n" );
document.write( "future value = 0<BR>\n" );
document.write( "number of time periods = 20 * 12 = 240 months.<BR>\n" );
document.write( "interest rate per month = 18/12 = 1.5%. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );