Question

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

I'll be glad to check your answer.
kim
Find the total investment and the interest earned when $2,500 is invested at 5% compounded semiannually for 3 years.