Your brother-in-law asks you to lend him $100000.00 as a second mortgage on his vacation home. He promises to make level monthly payments for 20 years, 240 payments in all. You decide that a fair interest rate is 4.50% compounded annually. What should the monthly payment be on the $100000.00 loan?

		$626.26
		$632.65
		$435.42
		$416.67
		$640.63