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The Howe family recently bought a house. The house has a 30-year, $276,957.00 mortgage with monthly payments and a nominal interest rate of 3.5 percent.

The Howe family recently bought a house. The house has a 30-year,
$276,957.00 mortgage with monthly payments and a nominal interest rate of
3.5 percent. What is the total dollar amount of interest the family will pay
during the first 4 years of their mortgage? (Assume that all

payments are made at the end of the month.)

$37,273.68

$38,273.68

$36,273.68

$35,273.68

$34,273.68

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