Question: Jie & Partners purchased a computer priced at $949.99, financing it by paying $75.12 on the date of purchase, and signing a contract to pay

Jie & Partners purchased a computer priced at $949.99, financing it by paying $75.12 on the date of purchase, and signing a contract to pay equal monthly payments over the next 15 months. If the terms of the contract state that interest is calculated at 10.8% compounded monthly, how much does Jie & Partners have to pay at the end of each month?

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