The Boston Globe reported on August 21 2009 credit card companies cut limits on

The Boston Globe reported on August 21 2009 credit card companies cut limits on 58 million cardholders spanning from May 2008 to April 2009. This affected about one-third of American consumers. Surprisingly many of these consumers had good credit scores. Dionne McGrady had planned on using a 0% interest for a year transfer credit card offer to make $8500 worth of home improvements before her credit limit was cut. Because of this cut she had to take out a loan to finance the project. She was offered an 11% 10% down 12-month loan. What is her monthly payment to the nearest cent