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You have just taken out a 29 -year, $ 118 ,000 mortgage loan at an annual interest rate of 6.2 percent. The mortgage has monthly

You have just taken out a 29 -year, $ 118 ,000 mortgage loan at an annual interest rate of 6.2 percent. 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.

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