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Ironwood Bank is offering a 30-year mortgage with an APR of 5.80% based on monthly compounding. If you plan to borrow $164,000, what will be
Ironwood Bank is offering a 30-year mortgage with an APR of 5.80% based on monthly compounding. If you plan to borrow $164,000, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
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