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You take out a sub - prime mortgage for $ 2 7 6 , 6 6 5 , maturing in 3 0 years, and charging

You take out a sub-prime mortgage for $276,665, maturing in 30 years, and charging 1% monthly. What is the monthly mortgage payment? (There are 360 monthly payments.)
Round your answer to the nearest cent. Do not include dollar sign ($).
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