A man borrows $60,000 to help pay for his college expenses. He intends to pay off the loan with regular monthly payments over the next 15 years. Find the monthly payment if he is being charged 5.6%...

A man borrows $60,000 to help pay for his college expenses.  He intends to pay off the loan with regular monthly payments over the next 15 years.  Find the monthly payment if he is being charged 5.6% interest per year, compounded monthly.

Give the answer to 2 decimal places, and do not use the $ sign in the answer box.

The monthly payment is  Blank 1. Calculate the answer by read surrounding text. dollars.