document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204002>Question 1204002</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You can afford a $900 per month mortgage payment. You've found a 30 year loan at 7% interest.\r<BR>\n" );
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document.write( "a) How big of a loan can you afford?\r<BR>\n" );
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document.write( "b) How much total money will you pay the loan company?\r<BR>\n" );
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document.write( "c) How much of that money is interest?\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 #839978 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=839978\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you can afford a loan of 135,276.81.\r<BR>\n" );
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document.write( "here are the resls from using the calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/<BR>\n" );
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document.write( "your inputs were:<BR>\n" );
document.write( "present value = 0<BR>\n" );
document.write( "future value = 0<BR>\n" );
document.write( "number of time periods = 30 years * 12 = 360 months.<BR>\n" );
document.write( "interest rate per time period = 7% per year/ 12  = .583333....% per month<BR>\n" );
document.write( "payments are made at the end of each time period.<BR>\n" );
document.write( "calculator says present value = 135,276.81.<BR>\n" );
document.write( "that's the amount of money you can loan.\r<BR>\n" );
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document.write( "you made 360 payments of 900 each for a total of 324,000 over the term of the loan.<BR>\n" );
document.write( "interest you paid over the term of the loan = that minus 135,276.81 = 188,723.19.\r<BR>\n" );
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document.write( "here are the results from using the calculator.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/100201.jpg\">\r<BR>\n" );
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