A first-year engineering student wants to purchase a computer for the five years she plans to study engineering. She finds that a well-equipped computer with software can be purchased for $1250. The computer should have a market value of at least $200 if she sells it when she graduates after five years. Assume that no maintenance will be required. Use an interest rate of 9% with monthly compounding. Determine the monthly cost of owning the computer. A. $18.59 B. $23.34 C. $20.42 D. $22.15 E. $25.62

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