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Michael and Michelle wish to refinance their home mortgage. Assume the mortgage balance at the time of rebalancing is $204,972. Assume a 15 year mortgage.

Michael and Michelle wish to refinance their home mortgage. Assume the mortgage balance at the time of rebalancing is $204,972. Assume a 15 year mortgage. What will the payment amount be PITI for the house? Round your answer to 2 decimal places.

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