You decide to borrow $500,000.00 to buy a condo near the beach. The bank charges an interest rate of 4.50% compounded monthly. If you pay the loan back over 30 years, what will be your monthly payment? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.