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You wish to borrow $281,000 from Budget Bank to buy a home.They are offering a 26 year mortgage with an EAR of 4.3%.Calculate the amount

You wish to borrow $281,000 from Budget Bank to buy a home.They are offering a 26 year mortgage with an EAR of 4.3%.Calculate the amount of your monthly payment.Round to the nearest dollar. Please provide full workings.

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