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Your aunt will sell you her motorcycle shop for $ 5 1 0 , 0 0 0 , with seller financing, at a 6 .

Your aunt will sell you her motorcycle shop for $510,000, with "seller financing," at a 6.0% nominal annual rate. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $100,000 at the end of the last month. What would your equal monthly payments be?( Exclude the $ sign and round to 2 decimals, for example enter $1,234.123 as 1,234.12)
Integer, decimal, or E notation allowed

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