For this question, and then next one (two in all): You have negotiated to purchase a car from Ripov Motors. The dealer has agreed to sell you the car for $13,000. And, if you will buy today, they will finance the entire amount for four years at a 4.0% nominal annual rate (APR, Annual Percentage Rate).

• How much will beeachmonthlypayment?

NOTE:Be sure to enter your answer in numbers and decimalsonly.That is, for example, enter onethousand dollars as1000or1000.00butnot as"$1,000.00" Do not use commas or "$".