What would monthly payment be on $12000.00 at 4% simple interest paid back over 12months

P=present value=$12000

A=installment
r=interest rate per period=4%/12 = 1/300
n=number of periods = 12

P(1+r)^n = A((1+r)^n-1)/r
A=Pr(1+r)^n/((1+r)^n-1)
=$12000(1/300)(301/300)^12/((301/300)^12-1)
=$1021.80