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Billy Bob and family are planning on purchasing a house for $591,000 using a 30 year fixed-rate mortgage from their local credit union.The mortgage rate

Billy Bob and family are planning on purchasing a house for $591,000 using a 30 year fixed-rate mortgage from their local credit union.The mortgage rate offered to Billy Bob is 5.67%.Billy Bob will make a down payment of 20% of the purchase price to avoid PMI.What will be Billy Bob's monthly payment for principal and interest, excluding the escrow for taxes and insurance?

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