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Trey is taking out a $ 2 4 7 0 0 0 amortized loan for 3 0 years at 3 . 5 % annual interest.

Trey is taking out a $

247000

amortized loan for

30

years at

3.5 %

annual interest. His monthly payment for this loan is $

1109.14 .

Assume each month is

1 / 12

of a year and round the answer to the nearest cent.

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