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4. The Sanchez Family is considering refinancing the family home. Currently, the mortgage terms and conditions include an interest rate of 5.87%, compounded monthly, and

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4. The Sanchez Family is considering refinancing the family home. Currently, the mortgage terms and conditions include an interest rate of 5.87%, compounded monthly, and there are 22 years left on a 30-year loan. The remaining principal is equal $190,000. With these terms, what is the monthly mort- gage payment

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