You$$ve decided to buy a house that is valued at $$1$ million. You have $$300,000$ to use as a down payment on the house, and want to take out a mortgage for the remainder of the purchase price. Your bank has approved your $$700,000$ mortgage, and is offering a standard $30-$year mortgage at a $12\%$ fixed nominal interest rate $($called the loan$$s annual percentage rate or APR$).$ Under this loan proposal, your mortgage payment will be per