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Suppose that you take a 29-year mortgage loan of $291,721 that needs to be paid off with 360 equal end-of-month payments. Monthly interest is 0.8%.
Suppose that you take a 29-year mortgage loan of $291,721 that needs to be paid off with 360 equal end-of-month payments. Monthly interest is 0.8%. How large should each of these monthly mortgage payment be? Round your answer to the nearest $1, i.e., round to a whole number
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