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Joe Bruin has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30-year term with monthly payments of $2,246.12 and

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Joe Bruin has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30-year term with monthly payments of $2,246.12 and has an APR of 5.4%. What is the total amount of principal that Mr. Bruin will pay during the first three months of his mortgage

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