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You plan to purchase a house and would like to finance $100,000 of the purchase price using a 30-year mortgage from Bank of America. The

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You plan to purchase a house and would like to finance $100,000 of the purchase price using a 30-year mortgage from Bank of America. The mortgage requires monthly payments and the mortgage will be fully paid off after 30 years. Each payment occurs in monthly increments, with the first payment in 1 month. The interest rate on the mortgage is 3% APR with monthly compounding. What will be your monthly mortgage payment? Your final answer must be rounded to the nearest dollar and entered without the dollar sign

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