document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1069900>Question 1069900</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Compute the specified quantity.<BR>\n" );
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document.write( "$4,000 loan, taken now, with a simple interest rate of 6% per year, will require a total repayment of $5,440. At what time t will the loan mature?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #685323 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=685323\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n be the number of years to maturity. Then:<BR>\n" );
document.write( "4000*n*.06=5440-4000=1440<BR>\n" );
document.write( ".06(n)=1440/4000<BR>\n" );
document.write( "n=1440/(4000*.06)=6 years to maturity. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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