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You are buying a new house, and you have negotiated a 1 5 - year mortgage loan with a local bank for an amount $

You are buying a new house, and you have negotiated a 15-year mortgage loan with a local bank for an amount $243,000 at 7.12 percent APR with monthly compounding. What would your monthly payment be? Round it to two decimal place (cents), e.g.,234.56.

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