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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 -

    You are really having an identity problem, Ann, etc..

    I'll be glad to check your answer.

  • math -

    Find the total investment and the interest earned when $2,500 is invested at 5% compounded semiannually for 3 years.

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