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Oppenheimer Bank is offering a 30-year mortgage with an EAR of 4.625%. If you plan to borrow $160,000, what will your monthly payment be? Your

Oppenheimer Bank is offering a 30-year mortgage with an EAR of 4.625%. If you plan to borrow $160,000, what will your monthly payment be? Your monthly payment will be $(Round to the nearest cent.)

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