You just borrowed $26,298 to buy a boat. The loan has an APR of 5.8% with monthly compounding. The first payment is due in one month. There will be a total of 47 monthly payments. The size of the monthly payments will increase by 1.8% per month. How big is the 8th monthly payment? Hint: Be careful when computing how many periods of growth that there are between the first payment and the payment in