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Ironwood Bank is offering a 25-year mortgage with an APR of 5.95% based on monthly compounding. If you plan to borrow $161,000, what will be

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Ironwood Bank is offering a 25-year mortgage with an APR of 5.95% based on monthly compounding. If you plan to borrow $161,000, what will be your monthly payment? The loan payment is $7. (Round to the nearest cent.)

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