The following loan is a simple interest amortized loan with monthly payments.
text($) 7000 ,text( ) 9 (1/2) text(%), text( 4 years)

(a) Find the monthly payment. (Give your answer to the nearest cent.)
Payment $
201.33

Incorrect: Your answer is incorrect.


(b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.)
Total interest $