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Ahmed is purchasing a home worth $419502 and is financing the purchase with a 30-year, fixed rate, fully amortizing loan at 90% LTV with 5.5%

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Ahmed is purchasing a home worth $419502 and is financing the purchase with a 30-year, fixed rate, fully amortizing loan at 90% LTV with 5.5% interest. What will be Ahmed's monthly payments? Round your answer to the nearest cent (e.g. if your answer is $1,000.567, enter 1000.57)

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