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Brad decides to purchase a $ 3 0 5 , 0 0 0 house. He wants to finance the entire balance. He has received an

Brad decides to purchase a $

305, 000

house. He wants to finance the entire balance. He has received an APR of

3.8 %

for a

25 -

year mortgage. What is Brad's monthly payment? Round your answer to the nearest hundredth.

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