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Dagny Taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30-year term with monthly payments and has an

Dagny Taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30-year term with monthly payments and has an Annual Percentage Rate (APR) of 5.4%.

What is the total amount of interest that Dagny will pay during the first month of her mortgage? What is the total amount of principal paid during the first month?

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