document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207415>Question 1207415</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at the end of every three months over seven years. If interest is 7.3% compounded annually, what was the original loan balance?<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 #845307 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52908)</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=845307\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Langara Woodcraft borrowed money to purchase equipment. <BR>\n" );
document.write( "The loan is repaid by making payments of$924.37 at the end of every three months over seven years. <BR>\n" );
document.write( "If interest is 7.3% compounded annually, what was the original loan balance?<BR>\n" );
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document.write( "This scheme of paying the loan back is non-standard, <BR>\n" );
document.write( "and from the problem, it is UNCLEAR how this scheme really works.\r<BR>\n" );
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document.write( "The necessary details are not presented/described in the problem clearly.\r<BR>\n" );
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