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Oppenheimer Bank is offering a 30 -year mortgage with an EAR of 5.500%. If you plan to borrow $325,000, what will your monthly payment be?

Oppenheimer Bank is offering a 30 -year mortgage with an EAR of 5.500%. If you plan to borrow $325,000, what will your monthly payment be? Your monthly payment will be $ (Round to the nearest cent.)

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