(Nonannual compounding using a calculator) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $23,000 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 9.8 percent compounded monthly?

Jesse's monthly car loan payment will be $

(Round to the nearest cent.)