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Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.500%. If you plan to borrow $150,000, what will your monthly
Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.500%. If you plan to borrow $150,000, what will your monthly payment be? (Not decimal places.) Your monthly payment will be (Round to the nearest cent.)
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