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XYZ Construction Inc. wants to purchase a new pick - up truck. The price for the new truck is $ 4 9 , 6 1

XYZ Construction Inc. wants to purchase a new pick $-$ up truck. The price for the new truck is $ $49, 611 .$ The dealer allows $x Y Z$ to trade $-$ in the old truck for $ $5, 373 .$ XYZ can payback the remaining balance through a $4 -$ year payment plan. Given the agreed interest rate is $3 %$ :

How much is the monthly payment?

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