Consider this case:

Uninode Inc. needs to take out a one$-$year bank loan of $$450,000$ and has been offered several different terms. One bank has offered a loan with $10\%$ simple interest that requires monthly payments. The loan principal will be paid back at the end of the year.

Based on a $360-$day year, what will be the monthly payment for June? $($Hint: Remember that June has $30$ days.$)$

$$4,500\mathrm{.}00$

$$3,750\mathrm{.}00$

$$3,000\mathrm{.}00$

$$3,375\mathrm{.}00$