Posted by **ann** on Friday, July 6, 2012 at 7:58pm.

Calculate the monthly payment necessary to retire a 3-year simple-interest loan of $12,000 if the simple interest rate charged is 9%. Round your answer to the nearest cent.

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**Ms. Sue**, Friday, July 6, 2012 at 8:12pm
You are really having an identity problem, Ann, etc..

I'll be glad to check your answer.

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**kim**, Friday, September 21, 2012 at 2:26pm
Find the total investment and the interest earned when $2,500 is invested at 5% compounded semiannually for 3 years.

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