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Brad decides to purchase a $240,000 house. He wants to finance the entire balance. He has received an APR of 3.8% for a 15-year mortgage.

Brad decides to purchase a $240,000 house. He wants to finance the entire balance. He has received an APR of 3.8% for a 15-year mortgage. What is Brads monthly payment? Round your answer to the nearest hundredth.

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