Homework Help: math

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

calculus - the monthly payment that amortizes a loan of A dollars in t yr when ...
Math - Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of...
math - the total amount of interest on this loan of $6000 for 150 days is $210....
Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...
Mathematics - A loan of $7,000,000 is being amortised over 48 months at an ...
Mathematics - A loan of $7,000,000 is being amortised over 48 months at an ...
math - What monthly payment is required to amortize a loan of $35,000 over 10 yr...
Math - To buy both a new car and a new house, Tina sought two loans totalling $...
math - if a loan is given for 2,500 for 1 year and the interest charged is 275 ...
Math Finance please help - Five years ago, you bought a house for $151,000. You ...

For Further Reading

First Name:
School Subject:
Answer: