A friend is selling you a used 28-foot sailboat. The purchase price is $13,000, and he is providing financing at a 6% annual rate. Because you are currently making tuition payments, he is not requiring the first monthly payment until two years from today. After the first payment, you will make 25 more monthly payments of that same amount. If you have $3,000 to pay today as a down payment, what will your monthly payment be?