document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201414>Question 1201414</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you take out a mortgage for $550000 at 7.5% interest per year compounded bi-weekly. If your mortgage is amortized over 25 years, what is your monthly mortgage payment? How much interest will you pay the lender by the end of the mortgage?<BR>\n" );
document.write( "What is the monthly interest rate corresponding to the effective annual rate?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #835772 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52793)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=835772\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Find standard formulas for it in any textbook in finance.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Why do you neglect such simple way to increase the level of your knowledge ?\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "It would seem that this is the first step you should do when studying this subject, isn't it ?\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );