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Laura takes out a 30-year mortgage for $113,855 to buy a house. The loan collects interest at an annual rate of 5.3%, compounded monthly. What

Laura takes out a 30-year mortgage for $113,855 to buy a house. The loan collects interest at an annual rate of 5.3%, compounded monthly. What is Laura's monthly payment?

Round your answer to two decimal places.

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