You are thinking about buying a new car, for which you have negotiated the price to $24,000. You have $3,000 to put towards the down payment and plan to get a loan for the rest. If you can get an annual interest rate of 10.5 percent APR (with monthly compounding) over a 5-year loan, what would be your monthly payment? Round it to two decimal place (cents), e.g., 234.56.