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Question 6 (5 points) You take out a $500,000, 30-year, 3% APR mortgage. What will be the monthly payments on the mortgage? ROUND YOUR ANSWER

Question 6 (5 points)

You take out a $500,000, 30-year, 3% APR mortgage. What will be the monthly payments on the mortgage? ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR. DO NOT USE A DOLLAR SIGN. DO NOT USE A COMMA._________________

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