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You want to buy a new house for $255,680, and the bank has quoted you an APR of 5.8 percent for a 30 year loan.

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You want to buy a new house for $255,680, and the bank has quoted you an APR of 5.8 percent for a 30 year loan. What will your monthly payments be? Round your answer to two decimal points. For example, if the answer is $1,486,827889, your answer should be 1,486.83

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