document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1172965>Question 1172965</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A certain household would like to buy a washing machine set payable for 6 months starting at the end of the month. How much is the cost of the washing machine if the monthly payment amounts to $3000 and interest is 9% compounded semi-annually?\r<BR>\n" );
document.write( "\n" );
document.write( "Thank you so much in advance. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #850817 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52782)</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=850817\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "A certain household would like to buy a washing machine set payable for 6 months starting at the end of the month. <BR>\n" );
document.write( "How much is the cost of the washing machine if the monthly payment amounts to $3000 and interest is 9% compounded semi-annually?\r<BR>\n" );
document.write( "\n" );
document.write( "Thank you so much in advance.<BR>\n" );
document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "In this problem, the payments are monthly, but the compounding is semi-annually.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "In his solution, @CPhill tries to accommodate the solution, using/introducing/assuming <BR>\n" );
document.write( "that the compounding is monthly, too.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "But in reality, it is not so - - - therefore, this scheme DOES NOT WORK\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "I saw many problems of this kind, where the math composers construct such non-traditional<BR>\n" );
document.write( "schemes, trying to create new problems.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "But the answer is one and is UNIQUE - you can't go against nature.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "So, all such attempts are doomed to failure - - - and this one too.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "The solution by @CPhill is no an exception. <BR>\n" );
document.write( "It is incorrect and represents an unsuccessful attempt.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is much better to understand the whole truth as it is and to say the truth as it is,\r<BR>\n" );
document.write( "\n" );
document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;than to deceive yourself and all other around.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );