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You decided to purchase a house for a purchase price of $ 9 0 0 , 0 0 0 with a 2 0 % down

You decided to purchase a house for a purchase price of $900,000 with a 20% down payment and a 30 year mortgage for the remaining 80% balance. If the annual nominal interest rate is 7.25% but you are going to make monthly payments and fully amortize the loan over the 30 years, what is the monthly payment to the nearest cent?

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