document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207204>Question 1207204</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have $2,500 on a credit card that charges a 17% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month( assuming you don’t charge anything new to the card)?<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 #844941 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=844941\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "given:\r<BR>\n" );
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document.write( "present value<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+P=2500 ALIGN=MIDDLE  ALT=\"+P=2500\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "desired future value <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV=0 ALIGN=MIDDLE  ALT=\"FV=0\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "interest rate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=17 ALIGN=MIDDLE  ALT=\"r=17\"   DISABLED_style= \"max-width:90%; height:auto;\" >%=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.17 ALIGN=MIDDLE  ALT=\"0.17\"   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=4 ALIGN=MIDDLE  ALT=\"n=4\"   DISABLED_style= \"max-width:90%; height:auto;\" > years <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=12 ALIGN=MIDDLE  ALT=\"m=12\"   DISABLED_style= \"max-width:90%; height:auto;\" > months\r<BR>\n" );
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document.write( "find monthly payment <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M ALIGN=MIDDLE  ALT=\"M\"   DISABLED_style= \"max-width:90%; height:auto;\" > using formula:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M=P%28r%2Fm%29%2F%281-%281%2Br%2Fm%29%5E%28-m%2An%29%29 ALIGN=MIDDLE  ALT=\"M=P%28r%2Fm%29%2F%281-%281%2Br%2Fm%29%5E%28-m%2An%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=M=2500%280.17%2F12%29%2F%281-%281%2B0.17%2F12%29%5E%28-12%2A4%29%29 ALIGN=MIDDLE  ALT=\"M=2500%280.17%2F12%29%2F%281-%281%2B0.17%2F12%29%5E%28-12%2A4%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=M=72.14 ALIGN=MIDDLE  ALT=\"M=72.14\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "You must make monthly payments of $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=72.14 ALIGN=MIDDLE  ALT=\"72.14\"   DISABLED_style= \"max-width:90%; height:auto;\" > to pay off your credit card balance of $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2500 ALIGN=MIDDLE  ALT=\"2500\"   DISABLED_style= \"max-width:90%; height:auto;\" > in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=48 ALIGN=MIDDLE  ALT=\"48\"   DISABLED_style= \"max-width:90%; height:auto;\" > months or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4 ALIGN=MIDDLE  ALT=\"4\"   DISABLED_style= \"max-width:90%; height:auto;\" > years. <BR>\n" );
document.write( "This assumes you do not make any additional charges during this period and make your payments on time.\r<BR>\n" );
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