document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207414>Question 1207414</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A car was purchased for $1500 down and payments of $265 at the end of each month for four years. Interest is 9% compounded quarterly.<BR>\n" );
document.write( "(a) What was the purchase price of the car?<BR>\n" );
document.write( "(b) How much interest will be paid? </SPAN>\n" );
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document.write( "(a) What was the purchase price of the car?\r<BR>\n" );
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document.write( "down payment=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1500 ALIGN=MIDDLE  ALT=\"1500\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PMT=265 ALIGN=MIDDLE  ALT=\"PMT=265\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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=<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\r<BR>\n" );
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document.write( " since the interest is compounded quarterly, the interest rate per period is <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.09%2F4=0.0075 ALIGN=MIDDLE  ALT=\"r=0.09%2F4=0.0075\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( " the purchase price (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PP ALIGN=MIDDLE  ALT=\"PP\"   DISABLED_style= \"max-width:90%; height:auto;\" >)of the car is  future value plus down payment:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PP=FV ALIGN=MIDDLE  ALT=\"PP=FV\"   DISABLED_style= \"max-width:90%; height:auto;\" >+down payment\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PP+=+PMT+%2A+%28+%281+%2B+r%29%5En-1%29+%2F+r+%2B1500 ALIGN=MIDDLE  ALT=\"PP+=+PMT+%2A+%28+%281+%2B+r%29%5En-1%29+%2F+r+%2B1500\"   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=PP+=+265%2A+%28+%281+%2B+0.0075%29%5E48-1%29+%2F0.0075%2B1500 ALIGN=MIDDLE  ALT=\"PP+=+265%2A+%28+%281+%2B+0.0075%29%5E48-1%29+%2F0.0075%2B1500\"   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=PP+=+15242.988%2B1500 ALIGN=MIDDLE  ALT=\"PP+=+15242.988%2B1500\"   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=PP+=+16742.99 ALIGN=MIDDLE  ALT=\"PP+=+16742.99\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "(b) How much interest will be paid?\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV=15242.99 ALIGN=MIDDLE  ALT=\"FV=15242.99\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "the total amount paid over <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 is: <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=265%2A48=12720 ALIGN=MIDDLE  ALT=\"265%2A48=12720\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "interest paid =<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=15242.99-12720=2522.99 ALIGN=MIDDLE  ALT=\"15242.99-12720=2522.99\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( " </SPAN>\n" );
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