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Rob and Laura wish to buy a new home. The price is $412,500 and they plan to put 20% down. New Rochelle Savings and Loan

Rob and Laura wish to buy a new home. The price is $412,500 and they plan to put 20% down. New Rochelle Savings and Loan will lend them the remainder (\$330,000) at a 9% fixed APR for 30 years, with monthly payments to begin in one monthHow much is their monthly payment?

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