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Melanie and Stephen Jackson are purchasing their first house. The house costs $380,000. They have put a 10% down payment, but will therefore finance the

Melanie and Stephen Jackson are purchasing their first house. The house costs $380,000. They have put a 10% down payment, but will therefore finance the rest. They are considering a fixed rate 30-year mortgage at a 6.75% APR with monthly payments. How much will the Jacksons' first monthly payment be?

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