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The Howe family recently bought a house. The house has a 30-year, $206,305.00 mortgage with monthly payments and a nominal interest rate of 5.7 percent.
The Howe family recently bought a house. The house has a 30-year, $206,305.00 mortgage with monthly payments and a nominal interest rate of 5.7 percent. What is the total dollar amount of interest the family will pay during the first 3 years of their mortgage? (Assume that all payments are made at the end of the month.) $35,591.00 $32,591.00 $34,591.00 O $31,591.00 O $33,591.00
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