Before purchasing a used car, Brett Gardiner checked

www$.$kbb$.$com to learn what he should offer for the used car he wanted to buy. Then he conducted a

carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $$14,750.$ He put $$2,000$ down and financed the rest with a $48-$month, $7\mathrm{.}5\%$ loan.

What is his monthly car payment by formula?

Note: Round your answer to the nearest cent.

Monthly payment