Now that you are finished school, you also have to start paying back your student loans. You borrowed a total of $ 12,500. You plan to pay back the loan over 10 years at an interest rate of 9.4%...

Now that you are finished school, you also have to start paying back your student loans. You borrowed a total of $ 12,500. You plan to pay back the loan over 10 years at an interest rate of 9.4% interest, compounded monthly. How much will your monthly payments be?