Paige, Jodi, Augustine, Yami and Leslie are helping their fellow classmate Austin search for a good deal regarding the purchase of a new Honda Accord automobile. After researching all of the Honda dealers in the area they have decided that they have found the best deal at Honda Cars of Rockwall, Texas.

The following is their best deal and they want to know what the monthly payment will be. The new Honda Accord is $36,250 and that includes an extended warranty, tax, title and license...(TT&L). To help reduce the cost of this purchase he will receive two discounts; one the Covid-19 $500 off discount and the second is the College Student discount of $400. Austin has elected to make monthly payments for four years. He has a trade-in vehicle that will decrease his purchase cost of the new vehicle by $17,600. The Honda interest rate program is the best that he can find which is 3.9%.

All things considered, Austin is still hesitant to make the purchase. He cannot afford a monthly payment in excess of $400. John Freezer, General Manager of Honda Cars of Rockwall wants to help make Austin feel like he has the best price possible. Both Viktoria and Mercedes are also classmates of Austin and they asked Mr. Freezer for anything else that can be done to make this car purchase possible. He decided to provide him an additional discount of .845% (.00845) and he rounded to the nearest dollar on the discount. Austin supported by his research team of Paige, Jodi, Augustine, Yami, Leslie, Viktoria and Mercedes agree that this is the best deal available.

Austin decides on this purchase but wants to know what his monthly payments will be. What is his monthly payment?

(Please note the amount to the nearest penny).