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Suppose the Bark of Montreal is oflereng a mortgage with an eflective annual rate (EAR) of 5.125%. If you plan to borrow $220,000, what will

Suppose the Bark of Montreal is oflereng a mortgage with an eflective annual rate (EAR) of 5.125%. If you plan to borrow $220,000, what will your moneris payment be assuming a 30 year amortization? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your montaly payment will be 1 (Round to the nearest cent)

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