The RBA has announced interest rate increases. You currently pay monthly principal and interest repayments at 12.5% per annum. Your remaining loan term is 14 years and you still have a $735,818 remaining loan balance. How much is the new monthly payment if the interest rate your bank charges you increases by 1% per annum? Please round your answer to two decimal points (e.g. 8000.158 is rounded to 8000.16)