To purchase a new couch that costs 1500 dollars, you set up a store credit card that charges interest at 16.8 percent convertible monthly, beginning immediately. Each month that you do not make a payment (starting one month after you purchase the couch), you are charged a 25 dollar fee that is added to your card balance. Due to financial difficulties, you cannot make a payment until 8 months after you purchase the couch. To pay off the card balance, you decide to make 30 monthly payments that increase by 3.9 percent per month. How much is your first payment?

Answer = dollars.