1.. Assume that all interest is simple interest.

Ed Bland had savings of

$751

invested at

4%

for

3

years. Find the interest.

2. Martin wants to buy a new bedroom set that costs

$1853

including tax. Unfortunately, he doesn't have

$1853

, so he secures a

2

-year loan from the furniture store at

8%

interest to be repaid in

24

equal monthly installments. Find the monthly payment. Round your intermediate steps to the nearest cent.

wat is the monthly payment

3.