You are setting up a scholarship fund for your favorite university by making monthly deposits into a savings account earning 8.28\% APR compounded monthly. Your first deposit is today, and the last is in 8 years. You expect the perpetual endowment will finance student scholarships of $4,250 per year, with the first scholarship awarded exactly one year after the final deposit is made. The principal in the account will never be drawn-down (it too earns 8.28% compounded monthly). According to this scenario, approximately how much must you deposit each month? Round your answer to two decimal places