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Suppose you want to buy a house that costs $710,000. You are required to put 10% down, which means the amount to be borrowed is

Suppose you want to buy a house that costs $710,000. You are required to put 10% down, which means the amount to be borrowed is 90% of the price of the house. If you want a 30 year mortgage, and the borrowing rate is 5.7% APR compounded monthly, what would be your monthly payment? (Answer to the nearest penny)

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