Your company just borrowed $$50,000$ from a bank. The interest rate on this loan is $12\mathrm{.}0\%$ APR or annual nominal, compounded monthly. Equal monthly payments will be made to repay the loan. The loan is for $6$ years. Calculate the amount of the monthly payment of this loan.

$$1\mathrm{.}376\mathrm{.}09$

$$694\mathrm{.}44$

$$977\mathrm{.}51$

$$1,112\mathrm{.}22$

$$833\mathrm{.}33$