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You plan to borrow $273,000 to buy a townhouse. The loan calls for equal monthly payments over 30 years at a rate of 3.12% APR

You plan to borrow $273,000 to buy a townhouse. The loan calls for equal monthly payments over 30 years at a rate of 3.12% APR compounded monthly, with first payment 1 month from today. What is your monthly payment on this loan

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