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Ironwood Bank is offering a 25-year mortgage with an APR of 6.20% based on monthly compounding. If you plan to borrow$159,000, what will be your

Ironwood Bank is offering a 25-year mortgage with an APR of 6.20% based on monthly compounding. If you plan to borrow$159,000,

what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)

The loan payment is

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