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The Howe family recently bought a house. The house has a 15-year, $201,526.00 mortgage with monthly payments and a nominal interest rate of 4.6 percent.

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The Howe family recently bought a house. The house has a 15-year, $201,526.00 mortgage with monthly payments and a nominal interest rate of 4.6 percent. What is the total dollar amount of principal the family will pay during the first 5 years of their mortgage? (Assume that all payments are made at the end of the month.) $52,470.78 $53,470.78 $49,470.78 $50,470.78 $51,470.78

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