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The Howe family recently bought a house. The house has a 30 -year, $251,825.00 mortgage with monthly payments and a nominal interest rate o 4.9

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The Howe family recently bought a house. The house has a 30 -year, $251,825.00 mortgage with monthly payments and a nominal interest rate o 4.9 percent. What is the total dollar amount of principal the family will pay during the first 3 years of their mortgage? (Assume that all payments are made at the end of the month.) $12,926.67 $13,426.67 $11,926.67 $12,426.67 $11,426.67

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