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Nancy takes out a 33-year loan of $750,000 today. The bank charges interest at 4.2% p.a. compounded monthly. Nancy makes equal month-end payments starting in

Nancy takes out a 33-year loan of $750,000 today. The bank charges interest at 4.2% p.a. compounded monthly. Nancy makes equal month-end payments starting in one months time. Calculate how much Nancy should repay each month. Round your answer to the nearest cent. Do not include $. Do not use comma separators. For example, 1234.56 would be the correct format. The monthly repayment is:

$

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