Question: Ann obtains a fully amortizing 1 5 year Fixed Rate Mortgage with monthly payments for $ 4 , 5 0 0 , 0 0 0

Ann obtains a fully amortizing 15 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 5.38%. How much does Ann need to pay per month? Write the answer as a number rounded to two decimals (e.g. if you get $50,66666, write 50.67).

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