Question

Craig decides to purchase a property that's been valued at $$475,000.$ He has $$80,000$ avallable as a deposit, and will require a moryage foe the remaining amount. The bark offers him a $25$ year mortgage at $2\%$ inferest. Calculate his monthly pyment,

Round your answer to the nearest cent.

Do NOT round until you have cakulated the final answer.

Provide your answer below:

$4$