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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 $ 160000$ what will
Ironwood Bank is offering a 30-year
mortgage with an APR of 6.00%
based on monthly compounding. If you plan to borrow
$ 160000$
what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
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