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Suppose that you are considering a conventional, fixed-rate 30-year mortgage loan for $100,000. The lender quotes an APR of 7.46%, compounded monthly; mortgage payments would

Suppose that you are considering a conventional, fixed-rate 30-year mortgage loan for $100,000. The lender quotes an APR of 7.46%, compounded monthly; mortgage payments would be monthly, beginning one month after the closing on your home purchase. What would be your monthly mortgage payment?

Do not round at intermediate steps in your calculation. Round your answer to the nearest penny. Do not type the $ symbol.

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