document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1155246>Question 1155246</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A credit union loans a member $8,000 for the purchase of a used car. The loan is made for 15 months at an annual simple interest rate of 7.9%. What is the maturity value of the car loan? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #777801 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16948)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=777801\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple Interest = p*r*t  15 months = 1 (3/12) years\r<BR>\n" );
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document.write( "8000*0.079*5/4= 790\r<BR>\n" );
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document.write( "8000+790 = 8790\r<BR>\n" );
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document.write( "= $ 8790 maturity value </SPAN>\n" );
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