Toll Brothers Inc. builds and finances luxury homes in the U.S.. Toll Bros. offers a 29 year mortgage where the borrower makes no payments during the first year. The promotion is offered on its entry level design, The Refuge, which sells for $1000000. What are the monthly payments after the first year? Toll Bros. offers an annual interest rate of 3.5%. Assume that this offer is in the U.S. where banks charge a periodic interest rate of i/m. Round your answer to the nearest dollar. Your Answer: