Question $11,$ Problem $5-20$

HW Score: $66\mathrm{.}67\%,8$ of $12$ points

Points: $0$ of $1$

Assume you graduate from university with a $$23,000$ student loan. If your interest rate is fixed at $4\mathrm{.}58\%$ APR with monthly compounding and you will repay the loan over a $10-$year period, what will be your monthly payment?

The monthly payment will be $

$($Round to two decimal places.$)$