document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202558>Question 1202558</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ron borrowed $1800 to finance a computer at 15.6%/a compounded monthly for 1 1/2 years.<BR>\n" );
document.write( "a) How much will his monthly payments be?<BR>\n" );
document.write( "b) How much more would Ron have to pay per month to pay the loan off 6 months early?<BR>\n" );
document.write( "c) How much interest would Ron save if he paid the loan off early?\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 #837477 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=837477\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Ron borrowed $1800 Xo\r<BR>\n" );
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document.write( " 15.6%/a compounded monthly 0.156/12= 0.013 =r\r<BR>\n" );
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document.write( " for 1 1/2 years.= 18 months n\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2Fr=+%28+x0%2F%281-%281%2Br%29%5E%28-n%29%29%29 ALIGN=MIDDLE  ALT=\"P%2Fr=+%28+x0%2F%281-%281%2Br%29%5E%28-n%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "Use calculator plug in the values\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2F0.013=+%28+1800%2F%281-%281%2Br%29%5E%28-18%29%29%29 ALIGN=MIDDLE  ALT=\"P%2F0.013=+%28+1800%2F%281-%281%2Br%29%5E%28-18%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "= $112.80\r<BR>\n" );
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