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A lender has approved a 6 - month repayment holiday on a fully amortised constant payment mortgage loan with an outstanding balance of $ 7

A lender has approved a 6-month repayment holiday on a fully amortised constant payment mortgage loan with an outstanding balance of $760,000 and 28 years remaining to maturity. The periodic payments on this loan are monthly and the nominal interest rate is 5.12%. What will the monthly payments be after the repayment holiday, if the borrower decided to not change the date of the loan's maturity? Round your answer to two decimal places.

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