$6.$ You need $$350,000$ to buy a house. You decide to borrow money from the bank to finance your mortgage. Assume that the bank charges a fixed annual interest rate of $6$ percent and the term of the loan is $30$ years. If you are required to make an equal payment at the end of every month for $30$ years to pay off the loan, what is the monthly payment? You make the first payment at the end of the first month.