document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1077892>Question 1077892</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A corporate executive took out a $25,000 loan at an 8.8% annual simple interest rate for 1 year. Find the maturity value of the loan. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #692431 by </B><A HREF=/tutors/aboutme.mpl?userid=rapture><B>rapture(86)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rapture><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=rapture><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=692431\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The maturity value formula is V = P x (1 + r)^n. You see that V, P, r and n are variables in the formula. V is the maturity value, P is the original principal amount, and n is the number of compounding intervals from the time of issue to maturity date. The variable r represents the periodic interest rate.\r<BR>\n" );
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document.write( "V = 25,000 x (1 + 0.088)^1\r<BR>\n" );
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document.write( "V = 25,000 x (1.088)\r<BR>\n" );
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document.write( "Can you finish? </SPAN>\n" );
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