Find the Payment Necessary to Amortize the Loan $\$ 10,500 ; 12 \%$

Multiple Choice

Find the payment necessary to amortize the loan.
- $\$ 10,500 ; 12 \%$ compounded monthly; 48 monthly payments

A) $\$ 272.10$
B) $\$ 276.50$
C) $\$ 276.70$
D) $\$ 1265.49$