3. Camerin wants a new big screen TV and home theater surround sound system, which he thinks will cost $3,700.

The store will finance up to $3,200 for 2 years at a 25.00 percent interest rate. Assuming Camerin accepts the store's financing, what will his monthly payment be? If he increases his down payment to $1,000, how much will his monthly payment be?

Assuming Camerin accepts the store's financing, his monthly payment will be $____________. Round to the nearest cent