The Howe family recently bought a house. The house has a 15-year, $259,306.00 mortgage with...
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The Howe family recently bought a house. The house has a 15-year, $259,306.00 mortgage with monthly payments and a nominal interest rate of 4.5 percent. What is the total dollar amount of principal the family will pay during the first 2 years of their mortgage? (Assume that all payments are made at the end of the month.) $25,346.65 $24,346.65 $21,346.65 $23,346.65 $22,346.65
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