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Suppose the Bank of Montreal is offering a 30 -year mortgage with an EAR of 6.125%. If you plan to borrow $325,000, what will your

image text in transcribed Suppose the Bank of Montreal is offering a 30 -year mortgage with an EAR of 6.125%. If you plan to borrow $325,000, what will your monthly payment be? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly payment will be $. (Round to the nearest cent.)

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