Use the amortization table below to find the monthly mortgage payment for a $318,000 loan at 6.50% for 30 years. Monthly Mortgage Payment per $1000 Rate (%) 15 Years 20 Years 30 Years 5.00 7.9079 6.5996 5.3682 5.25 8.0388 6.7384 5.5220 5.50 8.1708 6.8789 5.6779 5.75 8.3041 7.0208 5.8357 6.00 8.4386 7.1643 5.9955 6.25 8.5742 7.3093 6.1572 6.50 8.7111 7.4557 6.3207 6.75 8.8491 7.6036 6.4860 7.00 8.9883 7.7530 6.6530 7.25 9.1286 7.9038 6.8218 State your answer in terms of dollars rounded to the nearest cent, but do not include a $ sign or the word "dollars" with your response