2.Today Ricardo will buy a property with a value of $ 5,800,000. He will request a mortgage loan from BAN, which offers him the following conditions:

Fixed monthly payments, at the end of each month, for 5 years. Subsequently, the payments will grow 0.5% monthly with respect to the immediately previous payment, that is, they will continue increasing monthly payments (past due) for 3 more years. Financing rate: 15% nominal annual compounded semi-annually, the first 5 years and subsequently a nominal 12% annual rate compounded monthly.

Calculate the amount of the monthly payment that you will make the first 5 years. (Round the result to hundredths using Excel)