You bought a house for $275,000. The bank required a 30% down payment and gave you a 30-year mortgage loan for the remainder. Assume an annual interest rate of 4.5% and a monthly repayment schedule....

You bought a house for $275,000.  The bank required a 30% down payment and gave you a 30-year mortgage loan for the remainder.   Assume an annual interest rate of 4.5% and amonthly repayment schedule.What is the monthly payment?  Round to the nearest $ and use the $ symbol.  Hint...the last digit is 5