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Ironwood Bank is offering a 30-year mortgage with an APR of 6.00% based on monthly compounding. If you plan to borrow $160,000, what will be
Ironwood Bank is offering a
30-year
mortgage with an APR of
6.00%
based on monthly compounding. If you plan to borrow
$160,000,
what will be your monthly payment?
The loan payment is
$ .(Round to the nearest cent.)
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