document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204353>Question 1204353</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Joel is considering putting a $1700 laptop purchase on his credit card, which has an interest rate of 3.5% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $70? Round your answer to the nearest tenth of a year.<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 #840551 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20850)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><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=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=840551\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "The loan payoff equation is \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=N+=+%28-log%28%281-+i+%2A+A+%2F+P%29%29%29+%2F+log+%28%281+%2B+i%29%29 ALIGN=MIDDLE  ALT=\"N+=+%28-log%28%281-+i+%2A+A+%2F+P%29%29%29+%2F+log+%28%281+%2B+i%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=N ALIGN=MIDDLE  ALT=\"N\"   DISABLED_style= \"max-width:90%; height:auto;\" > represents the number of payments you must make, or the number of <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=months ALIGN=MIDDLE  ALT=\"months\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=i ALIGN=MIDDLE  ALT=\"i\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the interest rate=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=3.5 ALIGN=MIDDLE  ALT=\"3.5\"   DISABLED_style= \"max-width:90%; height:auto;\" >%=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.035 ALIGN=MIDDLE  ALT=\"0.035\"   DISABLED_style= \"max-width:90%; height:auto;\" > annually=> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.035%2F12 ALIGN=MIDDLE  ALT=\"0.035%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > monthly<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+ ALIGN=MIDDLE  ALT=\"A+\"   DISABLED_style= \"max-width:90%; height:auto;\" >is the amount owed =<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1700 ALIGN=MIDDLE  ALT=\"1700\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P ALIGN=MIDDLE  ALT=\"P\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the size of each payment=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=70 ALIGN=MIDDLE  ALT=\"70\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( " <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=N+=%28-log%28%281-+%280.035%2F12+%29%2A+1700+%2F+70%29%29%29+%2F+log+%28%281+%2B+0.035%2F12%29%29 ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( " <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=N+=25.2255 ALIGN=MIDDLE  ALT=\"N+=25.2255\"   DISABLED_style= \"max-width:90%; height:auto;\" >months\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=N+=2.1 ALIGN=MIDDLE  ALT=\"N+=2.1\"   DISABLED_style= \"max-width:90%; height:auto;\" > years\r<BR>\n" );
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