Maria secure a loan of $12,000 3 years ago from a bank for used toward her college expenses. The bank charged interest at the rate of 4% per year compounded monthly on her loan. Now that she has...

Maria secure a loan of $12,000 3 years ago from a bank for used toward her college expenses. The bank charged interest at the rate of 4% per year compounded monthly on her loan. Now that she has graduated from college, Maria wishes to repay the loan by amortizing it through monthly payments over 10 years at the same interest rate. Find the size of the monthly payments that she will be required to make.