Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

A bank charges a monthly payment of $5.07 per $1,000 borrowed for a home loan. What is the monthly payment (in dollars) for a home loan of $316,900? (Round your answer to the nearest cent.)
$ __