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Robin Smith bought a $150,000 home and applied for a 90% conventional loan at 9% with a 30 year term. The amortization factor is 8.05.

Robin Smith bought a $150,000 home and applied for a 90% conventional loan at 9% with a 30 year term. The amortization factor is 8.05. 1. What is Robin's monthly payment of principal & interest?

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