The outstanding balance on Peter's credit card account is 3380 dollars. The bank issuing the credit card is charging 21.9 percent of interest per year compounded monthly. If Peter decides to pay off...

The outstanding balance on Peter's credit card account is 3380 dollars. The bank issuing the credit card is charging 21.9 percent of interest per year compounded monthly. If Peter decides to pay off his balance in equal monthly installments at the end of each month for the next 14 months, how much will be his monthly payment?

(round your answer to the nearest cent)