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Ironwood Bank is offering a 2 0 - year mortgage with an APR of 6 . 1 0 % based on monthly compounding. If you

Ironwood Bank is offering a 20-year mortgage with an APR of 6.10% based on monthly compounding. If you plan to borrow $163,000, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Your monthly payment will be $ (Round to the nearest cent.)
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