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Ironwood Bank is offering a 25-year mortgage with an APR of 6.05% based on monthly compounding. If you plan to borrow $156,000, what will be

Ironwood Bank is offering a 25-year mortgage with an APR of 6.05% based on monthly compounding. If you plan to borrow $156,000, what will be your monthly payment? The loan payment is $(Round to the nearest cent)

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