You bought a car 12 months agao for $28,000. You financed it with a 48 month loan of 6% APR compounded monthly. The current salvage value of the car is $18,000. You want to trade the car in for a new car costing $30,000. Proceeds from the sale of old car(plus or minus) are applied to the loan for the new car. If the same type of loan(48 month loan, same interest rate as the original loan) is used for the new car, what is the monthly payment on the new loan?