As soon as she graduated with an engineering degree and started working, Jamie bought a car for $40,000. A down payment of $10,000 was paid by her dad as graduation gift. The rest of the amount was financed with Generous motors at 3% nominal interest rate, If Jamie starts her first payment at the end of 13th month and makes 60 payments to pay the loan, what is her monthly payment? 500 556 600 585