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You apply for a mortgage loan with the amount of $452,598 today to buy a house. You plan to make monthly payments over a 11-year

You apply for a mortgage loan with the amount of $452,598 today to buy a house. You plan to make monthly payments over a 11-year period. The bank has offered you a 3.75% interest rate, compounded monthly.

What is your monthly payment amount?

Please round your answer to the second decimal without a dollar sign. E.g. 1234.56

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