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A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bill of

A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bill of $18,471.29. If the company must make a minimum payment that is the greater of $500 or 4.5% of the credit card bill, what is the minimum monthly payment for May? (Round your answer to the nearest cent.)

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