SOLUTION: Devon takes out a loan of $1,500, at simple interest, for 56 months. What is the maturity value of the loan? thank you

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Question 1010031: Devon takes out a loan of $1,500, at simple interest, for 56 months. What is the maturity value of the loan?
thank you
Answer by farohw(175) About Me  (Show Source):
You can put this solution on YOUR website!

I think you are missing some information here. What is the rate (or percentage) for simple interest?