Paul really wants to purchase his own condo. He currently lives in an apartment, and his rent is being paid by his parents. Paul's parents informed him that they would not pay his mortgage payments. Paul has no savings, but can save $544.64 per month. The condo he desires costs $102,000, and his real estate broker informs him that a down payment of $10,200 would be required. Assume that the CMHC mortgage loan insurance premium of 2.4 percent will be added to the mortgage. Paul will be able to save $544.64 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of the home (after making the $10,200 down payment) at a rate of 5 percent, compounded semi-annually, over a 25-year amortization period, what are his resulting monthly mortgage payments? - (Use the time value of money formulas or the TI BA II Plus financial calculator and round your answer to the nearest Paul's monthly mortgage payments will equal cent.)