You have just bought a house and have taken out a mortgage (an installment) loan for $500,000. This is a 30-year loan that requires monthly payments and the first payment is due one month from today. The APR for the loan is 36%. You are interested to know how much of your 220^th monthly payment will go toward the payment of interests?

Calculate your answer to the nearest $.01 and do not use the $ sign. DO NOT USE commas to separate thousands. Enter your answer as a positive number. For example if you obtain a result of $1,245.739 then enter 1245.74; if the result is $340, then enter 340.00