Mary takes out a loan for $5,000 at a simple interest rate of 3.5% to be paid back in 36
monthly installments.
What is the amount of her monthly payments?
Round your answer to the nearest cent if necessary.
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Home » Mathematics » Mary takes out a loan for $5,000 at a simple interest rate of 3.5% to be paid back in 36 monthly installments. What is the amount of her monthly payments? Round your answer to the nearest cent if necessary.