Michael Jones wants to purchase a Maserati Quattroporte sedan, which has an invoice price of $$121,737$ and a total cost of $$129,482.$ Michael plans to put down $$23,500$ and will pay the rest by taking on a $6,70$ percent five$-$year bank loan.

What is the monthly payment on this auto loan? $($Round factor volues to $4$ decimal places, $8,1\mathrm{.}5212$ and final answer to $2$ decimal places, eg$.15\mathrm{.}25.)$