Mr. Jordan purchased a piece of property for $300,000 and paid a down payment of $30,000 in cash and financed the balance. The loan terms require monthly payments for 30 years at a nominal interest rate of 3.75% compounded monthly. What is his monthly mortgage payment?

		$1,018.41
		$1,283.19
		$1,250.41
		$1,351.30
		$1,149.85