On March 1 of this year, you borrowed $75000 toward materials for a product you hope to have on the market in November of this year. You have agreed upon an annual interest rate of 8.2% compounded monthly. You also have agreed to begin repaying the debt on December 1 next year making equal monthly payments until the loan is repaid on April 1 next year. What are your monthly payments? step by step procedure will be appreciated.