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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 4.2% 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 4.2% APR with monthly compounding and a 30-year term. How much principal will be paid in the first payment? (Round to the nearest dollar) $309 $257 $249 $278 O $211

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