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Professor Salam decided to buy a house. The purchase price is $1,197,255. To approve the loan, the Muhtaseb Bank requires that Professor deposit 24

Professor Salam decided to buy a house. The purchase price is $1,197,255. To approve the loan, the Muhtaseb Bank requires that Professor deposit 24 percent of the purchase price. If the professor would like to take out a 17 year loan at annual interest rate of 7.6percent, what is the amount of the monthly mortgage payment?

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