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Suppose the Bank of Montreal is ofering a 30-year mongage with an EAR of 5.500%, it you plan to bortow $350,000, what wal your monety

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Suppose the Bank of Montreal is ofering a 30-year mongage with an EAR of 5.500%, it you plan to bortow $350,000, what wal your monety payment be? (Note: Be careful cot to tound any intermediate sleps less than six decimal places? Your monthly panment will be : (Round to the nearest cent)

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