document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201622>Question 1201622</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to buy a $160,000 home. You found a bank that offers a 30-year loan at 5.1% APR.\r<BR>\n" );
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document.write( "What will be your monthly payment? (Round to the nearest cent.)\r<BR>\n" );
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document.write( "How much would you end up paying the bank for the home after 30 years? (Round to the nearest cent.)\r<BR>\n" );
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document.write( "$\r<BR>\n" );
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document.write( "Suppose you wanted to reduce the time of your loan to 25 years. What would be your new monthly payment? (Round to the nearest cent.)\r<BR>\n" );
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document.write( "How much would you end up paying the bank for the home after 25 years? (Round to the nearest cent.)\r<BR>\n" );
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document.write( "$\r<BR>\n" );
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document.write( "How much did you save by reducing the time of your mortgage loan? (Round to the nearest cent.)\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #836082 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52864)</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=836082\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "Go to web-site\r<BR>\n" );
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document.write( "https://www.calculatorsoup.com/calculators/financial/loan-calculator.php\r<BR>\n" );
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document.write( "Find there free of charge online calculator, specially developed<BR>\n" );
document.write( "to make this kind of calculations for \"students\" homework<BR>\n" );
document.write( "with complete explanations.\r<BR>\n" );
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document.write( "Print your input data in calculator and get your answer immediately.\r<BR>\n" );
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document.write( "In parallel, learn the relevant formulas and calculation technique from the accompanying text.\r<BR>\n" );
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document.write( "Even more powerful calculator is under this link\r<BR>\n" );
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document.write( "https://www.calculatorsoup.com/calculators/financial/loan-calculator-advanced.php\r<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );