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.

- math -
**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.

- math -
**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.

## Answer this Question

## Related Questions

math - What monthly payment is required to amortize a loan of $35,000 over 10 yr...

Math - 4. Find the monthly payment for the loan. (Round your answer to the ...

math - The Sandersons are planning to refinance their home. The outstanding ...

math - The Sandersons are planning to refinance their home. The outstanding ...

math - Find the periodic payment R required to amortize a loan of P dollars over...

Finite Math - The Sandersons are planning to refinance their home. The ...

Algebra - I am trying to work through this problem and am having trouble. Can ...

Algebra - I am trying to work through this problem and am having trouble. Can ...

Algebra - Suppose A is the amount borrowed, r is the interest rate (in decimal ...

Algebra - Suppose Alice buys a car and obtains a 5 year loan for $25,000 at an ...