Amy wants to buy a new car that costs $45,000 inclusive of all the other costs. Amy has an old car that she would be able to trade in for $5,000 and she does not have any more money at the moment. The dealership has agreed to loan the rest of the amount to Amy at 8 percent annual rate and Amy would need to pay a monthly payment for the next four years with monthly compounding of interest rate. How much would be Amy's car payment?