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A family buys a house and takes out a $200,000 mortgage from their local credit union. The terms of the mortgage are 4.8% APR with

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A family buys a house and takes out a $200,000 mortgage from their local credit union. The terms of the mortgage are 4.8% APR with monthly compounding and a 30-year term. How much principal will be paid in the first payment? (Round to the nearest dollar) O $309 O $257 $249 O $278 O $176 CC

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