$($Nonannual compounding using a calculator$)$ Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $$29,000$ to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a $4-$year $(48$ equal monthly payments$)$ car loan from the university's credit union at an APR of $5\mathrm{.}6$ percent compounded monthly?

Jesse's monthly car loan payment will be $

$($Round to the nearest cent$)$