document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1206596>Question 1206596</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you can afford to pay at most $1450 per month for a<BR>\n" );
document.write( "mortgage payment. If the maximum amortization period you can<BR>\n" );
document.write( "get is 25 years, and you must pay 8<BR>\n" );
document.write( "What is the monthly interest rate corresponding to the effective<BR>\n" );
document.write( "annual rate?<BR>\n" );
document.write( "rm =<BR>\n" );
document.write( "What is the price of the most expensive house you can buy?<BR>\n" );
document.write( "What is the total interest paid?<BR>\n" );
document.write( "(you will lose 25<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 #844166 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52781)</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=844166\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Suppose you can afford to pay at most $1450 per month for a<BR>\n" );
document.write( "mortgage payment. If the maximum amortization period you can<BR>\n" );
document.write( "get is 25 years, and you must pay 8<BR>\n" );
document.write( "What is the monthly interest rate corresponding to the effective<BR>\n" );
document.write( "annual rate?<BR>\n" );
document.write( "rm =<BR>\n" );
document.write( "What is the price of the most expensive house you can buy?<BR>\n" );
document.write( "What is the total interest paid?<BR>\n" );
document.write( "(you will lose 25<BR>\n" );
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document.write( "The post is defective.\r<BR>\n" );
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document.write( "Read it attentively, as it appears at the forum, find the defective place,<BR>\n" );
document.write( "make necessary corrections, then re-post to the forum.\r<BR>\n" );
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document.write( "Please do not post it to me in person.\r<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );