Bill has just graduated from TAMU and is tired of living in a cramped apartment. However, by reducing housing costs while at college he managed to save enough for an $8,000 down payment on a new house he is planning to purchase now that costs $45,000. Unfortunately, Bill didn't major in business management and wants you to calculate what the payments will be, assuming that monthly payments start 1 month from now and the mortgage carries a 14% stated rate with a 30-year maturity. Calculate the monthly payment