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You have just purchased a vacation home. As part of the purchase, you have borrowed $441,000 from a bank at the following terms: 3.7% APR;

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You have just purchased a vacation home. As part of the purchase, you have borrowed $441,000 from a bank at the following terms: 3.7% APR; monthly payments; and, a maturity of 30 years. Given this information, what is the monthly payment associated with this loan? (Round your answer to two decimal places.)

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