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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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