Jen takes out a loan of $50,000 from Westpac for her small business at 6.0% compounded monthly and promises to pay it back over two years with equal monthly payments. Six months after taking out the loan (just after the 6th payment is made), she decides to refinance her loan at a lower rate of 4.0% compounded monthly offered by National Austria Bank (NAB) for the remaining term of the loan. Assuming she can do so immediately and there are no refinancing costs or charges what will her new monthly payments be?

Jennys new monthly payments under new refinancing will be blank. (Round to the nearest cent)