Ms Parker would like to have 539000 to buy a new car in 8 ye

Ms. Parker would like to have 539,000 to buy a new car in 8 years. To accumulate 539,000 in 8 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly? The monthly invested payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

1576.25$