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You decide to borrow $250,000 to build a new home The bank charges an interest rate of 3%, compounded monthly. If you pay back the

You decide to borrow $250,000 to build a new home The bank charges an interest rate of 3%, compounded monthly. If you pay back the loan over 15 years, what will your monthly payments be? Round intermediate steps to four decimals and your final answer to two decimals. Do not use the dollar sign when entering your response

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