SOLUTION: Simple Loans. A $4000 loan, taken now, with a simple interest rate of 8% per year, will require a total repayment of $4640. When will the loan mature?

SOLUTION: Simple Loans. A $4000 loan, taken now, with a simple interest rate of 8% per year, will require a total repayment of $4640. When will the loan mature?

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Question 322564: Simple Loans. A $4000 loan, taken now, with a simple interest rate of 8% per year, will require a total repayment of $4640. When will the loan mature?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
In two years.
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