Franklin is considering a 15 year mortgage because friends have told him that a 30-year mortgage is too long and he'll lose a lot of money to interest. If Franklin can get a 15-year, $150,000 loan at...

Franklin is considering a 15 year mortgage because friends have told him that a 30-year mortgage is too long and he'll lose a lot of money to interest. If Franklin can get a 15-year, $150,000 loan at a nominal interest rate of 4.5%, what would Franklin's monthly mortgage payment be?