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Jie purchased a computer priced at $1058.08, financing it by paying $71.72 on the date of purchase, and signing a contract to pay equal monthly
Jie purchased a computer priced at $1058.08, financing it by paying $71.72 on the date of purchase, and signing a contract to pay equal monthly payments over the next twelve months. If the terms of the contract state that interest is calculated at 9.7% compounded monthly, how much does Jie have to pay at the end of each month? Jie must make payments of $[. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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