Suppose you wish to help your mom out for everything she has done for you by buying a 4 piece kitchen appliance package for $2,587. You can borrow the needed funds at annual interest rate of 19% and you are required to repay it in 60 equal monthly installments, with your first payment due at the end of the month. How much will your monthly payment be? (round to 2 decimals)

Answer rating: 100% (QA)

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