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Ironwood Bank is offering a 25 -year mortgage with an APR of 5.80% based on monthly compounding. If you plan to borrow $160,000, what will

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Ironwood Bank is offering a 25 -year mortgage with an APR of 5.80% based on monthly compounding. If you plan to borrow $160,000, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) The loan payment is $ (Round to the nearest cent.)

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