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1. You wish to borrow $345,000 from Budget Bank to buy a home.They are offering a 20 year mortgage with an EAR of 4.4%.Calculate the

1.You wish to borrow $345,000 from Budget Bank to buy a home.They are offering a 20 year mortgage with an EAR of 4.4%.Calculate the amount of your monthly payment.Round to the nearest dollar.

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