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You are buying a house, and after the down payment, you will be getting a 20 year mortgage for $545,000. You must make monthly payments

You are buying a house, and after the down payment, you will be getting a 20 year mortgage for $545,000. You must make monthly payments and the bank quotes you a rate of 2.5% monthly compounded. How much would you still owe at the end of the first month, after you have made the first payment?

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