Trent is buying a boat that costs $9,500. The sales tax rate is 6%, and he plans to make a down payment of $2,500. The sales tax is added before the down payment is applied. He is considering a two-year loan. Round to the nearest cent. Time (years) Simple Interest Rate (%) 1 2.75 2 5.5 3 7.25 What will be Trent's monthly payments? Round to the nearest cent.