You borrow $$12,000$ right now $($time $0)$ at an interest rate of $1\%$ per month. You agree to begin repaying the loan in uniform monthly payments spread over $3$ years $($there will be a total of $3$ X $12$ payments$).$ The first payment is due at the end of month $12.$

$1.$ Draw the cash flow diagram $($use the bank's perspective$).$

$2.$ What is the amount of your monthly payment? Enter as XXX$.$XX $($dollars and cents$).$