A 30year mortgage loan of $700,000 is made for a 100 acre farm in BlackHawk County at an interest rate of 5%. Constant payments are to be made monthly. If the loan is to be repaid over 30 years, but will have a residual balance of $200,000 at the end of 30 years because it is a partially amortizing CPM, what are the periodic monthly payments on this mortgage? (State your answer rounded to 2 decimals)