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The Howe family recently bought a house. The house has a 15-year, $233,497.00 mortgage with monthly payments and a nominal interest rate of 4.3 percent.
The Howe family recently bought a house. The house has a 15-year, $233,497.00 mortgage with monthly payments and a nominal interest rate of 4.3 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.) $27.943.76 $28,943.76$29.943.76$26,943.76 $25.943.76
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