Money ​'M​' and nonmonetary assets ​'NM​' are the only assets available in financial markets.

At a nominal interest rate of​ 5%, the total demand for money ​'Md​' is equal to ​$1,500 ​, the supply of money ​'M​' is equal to ​$2,000 and the supply of nonmonetary assets ​'NM​' is are equal to ​$8,000

Calculate the demand for nonmonetary assets at the nominal interest rate of​ 5%

NMd = $