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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 year mortgage with an APR of based on monthly compounding. If you plan to borrow $ 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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