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Axon Bank originates a pool of 30-year mortgage amounting to a total sum of $75 million, with an annual mortgage coupon rate of 8 per

Axon Bank originates a pool of 30-year mortgage amounting to a total sum of $75 million, with an annual mortgage coupon rate of 8 per cent. What is the monthly payment on this pool of mortgages? Round to the nearest whole number

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