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Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.625%. If Your monthly payment will be $ (Round to the

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Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.625%. If Your monthly payment will be $ (Round to the nearest cent.) Previous Question Problem 5-13 Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.625%. If you plan to borrow $220,000, what will your monthly payment Your monthly payment will be $. (Round to the nearest cent.)

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