You want to buy a motorcycle for $11,500 plus freight of $115 and other delivery charges of $175. You have already saved 35% of the total purchase price(including allcharges) towards a down payment. The bank is willing to finance the remaining balance at 9.09% compounded quarterly. What is the size of your monthly payment if the loan is for 3.75 years.

The monthly payment is $_________________

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)