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The Howe family recently bought a house. The house has a 15-year, $160,322.00 mortgage with monthly payments and a nominal interest rate of 6 percent.

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The Howe family recently bought a house. The house has a 15-year, $160,322.00 mortgage with monthly payments and a nominal interest rate of 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.) 39.462.69 040,462.69 0 38,462.69 42.462.69 41.462.69

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