Question: You are a lender and have been asked by a potential borrower to originate a 30-year $300,000 fixed rate mortgage loan at 5.4% that fully

You are a lender and have been asked by a potential borrower to originate a 30-year $300,000 fixed rate mortgage loan at 5.4% that fully amortizes with monthly payments. What is the monthly payment of this loan? Please round your answers to the nearest cent (ie, two digits right of the decimal)

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