Rosalinda Johnson took out a 3-month, $12,000 loan. The annual simple interest rate on the loan was 8.5%. Find the monthly payment. Round your answer to the nearest cent.

A) $408.50
B) $1021.25
C) $3915.00
D) $4085.00
E) $391.50


D) $4085.00

Health & Biomechanics

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