What is the required monthly payment

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Reference no: EM13769142

What is the required monthly payment on a $530,000.00 mortgage. Assume a standard mortgage (360 months) with monthly payments. Use a nominal rate (monthly compounding) of 6.00%.

$3,079

$2,976

$3,394

$3,177

$2,980

Reference no: EM13769142

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