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An orthodontist obtains a 3 0 - year home loan for $ 5 1 5 , 0 0 0 at an annual interest rate of

An orthodontist obtains a

30 -

year home loan for $

515, 000

at an annual interest rate of

4.075 %

compounded monthly. Find the monthly mortgage payment

(

in dollars

) . (

Round your answer to the nearest cent.

)

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