Question: Suppose you have a $ 6 0 0 , 0 0 0 mortgage and the interest rate from the bank is at 7 % APR
Suppose you have a $ mortgage and the interest rate from the bank is at APR compounded semiannually. If the amortization period for your mortgage is years, what would be your monthly mortgage payment?
Please enter your answer in absolute number rounded to decimal places.
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