document.write( "Question 1181212: Lynne needs to borrow $7500 for cosmetic surgery. She obtains a loan from her grandmother for 24 months at a simple interest rate of 8.5%. What is the loans future value? \n" ); document.write( "

Algebra.Com's Answer #811076 by ikleyn(52879) $\"\"$ $\"About$

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document.write( "The future value of this simple interest loan is\r\n" );
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document.write( "    FV = 7500*(1 + 0.085*2) = 8775 dollars.\r\n" );
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document.write( "Here the number of \"2\"  represents  2 years = 24 months.\r\n" );
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\n" ); document.write( "\n" ); document.write( "To see many other similar (and different) solved problems on simple interest accounts, look into the lesson\r
\n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r
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\n" ); document.write( "\n" ); document.write( "Learn the subject from there.\r
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