document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=152978>Question 152978</A>: <I><SPAN STYLE=\"word-break: break-all;\"> can anyone help me with this, please? I am terrible at word problems.\r<BR>\n" );
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document.write( "\"Ted owes $14,000 to Mary. The loan is payable in 1 year at 10%. Mary needs cast so 4 months before the loan is payable, she goes to the bank which will pay her the matuiry value of the loan less a 14% discount fee. Find the amount Mary will receive.\" </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #112544 by </B><A HREF=/tutors/aboutme.mpl?userid=Earlsdon><B>Earlsdon(6294)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Earlsdon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=112544\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> First find the maturity value of the loan:<BR>\n" );
document.write( "$14000, plus 10% of $14,000 = $14,000 + 0.1($14,000) = $14,000 + $1,400 = $15,400<BR>\n" );
document.write( "The maturity value of the loan is $15,400<BR>\n" );
document.write( "The bank will pay this amount less 14% of $15,400 as a processing fee.<BR>\n" );
document.write( "$15,400 less 14% of $15,400 = $15,400 - 0.14($15,400) = $15,400 - $2,156 = $13,244<BR>\n" );
document.write( "The Mary will receive $13,244 </SPAN>\n" );
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