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Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he

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Before purchasing a used car, Jim Myers 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 $14,350. She put $1,100 down and financed the rest with a 48-month, 8.5% loan. What is her monthly car payment by formula? (Round your answer to the nearest cent.) Monthly payment

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