Assume Dave borrowed $220 on his personal line of credit. Interest is charged at a rate of 10 percent, but calculated on a daily basis. Dave is required to pay a minimum of 5 percent of the remaining loan balance every month. What would be Dave's first monthly loan payment? Assume a 30-day month and a 365-day year (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Monthly loan payment