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You have just taken out a 1 0 - year, $ 1 5 0 , 0 0 0 mortgage loan at an annual interest rate

You have just taken out a 10-year, $ 150,000 mortgage loan at an annual interest rate of 7%. The mortgage has monthly payments. What is the amount of each payment? Calculate your answer to the nearest $.01. Enter your answer as a positive number.
For your answer, round to the nearest $0.01 and do not use commas to separate thousands. Do not use the $ or , sign.

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