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Well Thumbed Booksellers recently took out a $ 3 2 3 , 0 0 0 loan that will be paid back over the next 1

Well Thumbed Booksellers recently took out a $

323, 000

loan that will be paid back over the next

15

years with equal monthly payments. The interest rate on the loan was

5.28 % .

What is Well Thumbed's monthly loan payment?

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