You are buying a house and will take a 26 year mortage of $553570. If the interest rate is 4.8% per year, what will be your monthly payment.

use the formula attached

\begin{tabular}{cc} \hlineFV=PV(1+r)t & r=(PVFV)t11 \\ PV=(1+r)tFV & APV=C{r11/(1+r)} \\ & t=ln(1+r)ln(PVFV) \\ PVp=C/r & AFV=C{r(1+r)t1} \end{tabular}