Find the monthly interest payment in the situation below. Assume that monthly interest rates are of annual interest rates. Vic bought a new plasma TV for $1900. He made a down payment of $500 and then...

Extracted text: Find the monthly interest payment in the situation below. Assume that monthly interest rates are of annual interest rates. Vic bought a new plasma TV for $1900. He made a down payment of $500 and then financed the balance through the store. Unfortunately, he was unable to make the first monthly payment and now pays 3% interest per month on the balance (while he watches his TV). What is Vic's monthly interest payment? (Round to the nearest dollar as needed.)