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Jie purchased a computer priced at $1303.48, financing it by paying $60.48 on the date of purchase, and signing a contract to pay equal monthly
Jie purchased a computer priced at $1303.48, financing it by paying $60.48 on the date of purchase, and signing a contract to pay equal monthly payments over the next fourteen months. If the terms of the contract state that interest is calculated at 11.8% compounded monthly, how much does Jie have to pay at the end of each month?
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