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you obtain a 265,000, 15 year fixed rate mortgage. The annua interest rate is 6.25%. In addition to the principle and interest paid, you must
you obtain a 265,000, 15 year fixed rate mortgage. The annua interest rate is 6.25%. In addition to the principle and interest paid, you must pay 275 a month into a escrow account for insurance and taxes. What is the total monthly payment(to the nearest dollar)?
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