Kenneth Clark wants to purchase a Maserati Quattroporte sedan, which has an invoice price of $121,737 and a total cost of $129,482. Kenneth plans to put down $21,800 and will pay the rest by taking on a 6.96 percent fiveyear bank loan. What is the monthly payment on this auto loan? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to 2 decimal places, e.g. 15.25.) Monthly payment $