What is the monthly payment for the simple interest amortized loan of 5000 at 4.5 for 4 years?

To calculate the monthly payment for a simple interest amortized loan of $5,000 at an interest rate of 4.5% over 4 years, first determine the total interest: ( \text{Interest} = 5000 \times 0.045 \times 4 = 900 ). The total amount to be repaid is ( 5000 + 900 = 5900 ). Dividing this total by the number of months (48 months for 4 years) gives a monthly payment of ( \frac{5900}{48} \approx 122.92 ). Thus, the monthly payment is approximately $122.92.