Question: 2 Numeric 3 points A lender has quoted an interest rate of 7 . 0 % per annum with monthly payments on a 7 5

2 Numeric 3 points A lender has quoted an interest rate of 7.0% per annum with monthly payments on a 75% loan for a property selling for $300,000. What is the interest pay month? Round your answer to the nearest $100. Type your answer...

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