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The Jordan family recently purchased their first home. The house has a 15-year (180-month), $225,000 mortgage. The mortgage has a nominal annual interest rate of

The Jordan family recently purchased their first home. The house has a 15-year (180-month), $225,000 mortgage. The mortgage has a nominal annual interest rate of 4.25%. All mortgage payments are made at the end of the month. What is the monthly payment on the mortgage?

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