Mrs. Landingham recently purchased a new car. In addition to her down payment she will borrow $10,000 to pay for the car, which she will pay back with 60 equal monthly payments over the next five years. The stated annual interest rate is 12%, compounded monthly. If she receives the loan today and makes her first payment one month from today, what will be the amount of her first payment?

I've tried so many times and I don't have any examples similar to my question to help. I keep getting ~ $272 but that's not an answer choice.

Help is greatly appreciated! (with an explanation because I actually want to know how to do it myself)

Mrs. Landingham recently purchased a new car. In addition to her down payment she will borrow $10,000 to pay for the car, which she will pay back with 60 equal monthly payments over the next five years. The stated annual interest rate is 12%, compounded monthly. If she receives the loan today and makes her first payment one month from today, what will be the amount of her first payment? Select one: a. $324.98 b. $342.50 c. $460.55 d. $223.80 e. $222.44