You want to purchase a shuttle bus for the hotel at a cost of $60,000 to be paid out over 5 years, with the payments to be made at the end of each month. The interest rate offered on this purchase is at a low 1.75% annual rate compounded monthly, however you are worried about cash flow because your collections on receivables are not as quick as you had hoped. What will the monthly payments be on this shuttle bus purchase? Round your answer to the nearest cent (2 decimal points). Anenar