You want to buy a new sports car for $$55,000.$ The contract is in the form of a $60-$month annuity due at an APR of $5\mathrm{.}6$ percent compounded monthly. What will be your monthly payment? USING FINANCIAL CALCULATOR. I know the answer is $1,048\mathrm{.}21$but can you show how?

Multiple Choice

$$1,063\mathrm{.}30$

$$1,048\mathrm{.}21$

$$1,047\mathrm{.}90$

$$1,053\mathrm{.}87$

$$1,072\mathrm{.}11$