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 $$19,477\mathrm{.}26.$ If the company must

make a minimum payment that is the greater of $$500$ or $4\mathrm{.}5\%$ of the credit card bill, what is the minimum monthly payment for May? $($Round your answer to

the nearest cent.$)$

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