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Question 16 3 pts Consider a 30-year, traditional mortgage on a $280,000 property. With 30% down payment and a 4% APR. Mortgage payments are made

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Question 16 3 pts Consider a 30-year, traditional mortgage on a $280,000 property. With 30% down payment and a 4% APR. Mortgage payments are made monthly. What is the 218th payment? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)

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