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You take out a sub-prime mortgage for $294,104, maturing in 30 years, and charging 1% monthly. What is the monthly mortgage payment? (There are 360

You take out a sub-prime mortgage for $294,104, maturing in 30 years, and charging 1% monthly. What is the monthly mortgage payment? (There are 360 monthly payments.) Dound vour answer tn the nearest cent. Do not include dollar sign (\$)

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