# math

posted by
**ann**
.

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.

posted by
**ann**
.

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.