Question: Use the monthly payment formula to answer the question. Round your answer to two decimal places, if necessary. A supermarket building was purchased for $454,000.

Use the monthly payment formula to answer the question. Round your answer to two decimal places, if necessary. A supermarket building was purchased for $454,000. The down payment was 20%. The balance was financed at 6.9% for 23 years. Find the monthly payment. The monthly payment is $

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