document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=125457>Question 125457</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can you please help me with this question?<BR>\n" );
document.write( "Determine the present value of a 30-year loan with an annual interest rate of 6.5% with loan payments of $1856.82. Interest is charged 12 times per year.<BR>\n" );
document.write( "My answer options are:<BR>\n" );
document.write( "a.$423,781.90<BR>\n" );
document.write( "b.$668,455.20<BR>\n" );
document.write( "c.$185,229.37<BR>\n" );
document.write( "d.$293,769.01<BR>\n" );
document.write( "Please try and reply back to me as soon as possible, thank you!!!!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #91958 by </B><A HREF=/tutors/aboutme.mpl?userid=Fombitz><B>Fombitz(32388)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Fombitz><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=Fombitz><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=91958\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=c=%28r%2F%281-%281%2Br%29%5E%28-N%29%29%29%2AP ALIGN=MIDDLE  ALT=\"c=%28r%2F%281-%281%2Br%29%5E%28-N%29%29%29%2AP\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "where c is the monthly payment, P is the principal, r is the monthly interest rate, N is the total number of months.<BR>\n" );
document.write( "c=1856.82<BR>\n" );
document.write( "r=6.5/100/12=.005417<BR>\n" );
document.write( "N=30*12=360<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=c%2F%28%28r%2F%281-%281%2Br%29%5E%28-N%29%29%29%29 ALIGN=MIDDLE  ALT=\"P=c%2F%28%28r%2F%281-%281%2Br%29%5E%28-N%29%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=1856.82%2F%28%28.005417%2F%281-%281%2B.005417%29%5E%28-360%29%29%29%29 ALIGN=MIDDLE  ALT=\"P=1856.82%2F%28%28.005417%2F%281-%281%2B.005417%29%5E%28-360%29%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=1856.82%2F%28.00632068031%29 ALIGN=MIDDLE  ALT=\"P=1856.82%2F%28.00632068031%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=+293769.01 ALIGN=MIDDLE  ALT=\"P=+293769.01\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The answer is D. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );