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You bought a house and need a mortgage for $550,152.92. The interest rate on the mortgage is 2.25% and the amortization period is 30 years.

You bought a house and need a mortgage for $550,152.92. The interest rate on the mortgage is 2.25% and the amortization period is 30 years. You chose to make 12 payments per year. How much is each payment?

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