A family buys a house and takes out a $200,000 mortgage from their local credit union. The terms of the mortgage are 4.8

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A family buys a house and takes out a $200,000 mortgage from their local credit union. The terms of the mortgage are 4.8

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A Family Buys A House And Takes Out A 200 000 Mortgage From Their Local Credit Union The Terms Of The Mortgage Are 4 8 1
A Family Buys A House And Takes Out A 200 000 Mortgage From Their Local Credit Union The Terms Of The Mortgage Are 4 8 1 (27.71 KiB) Viewed 13 times
A family buys a house and takes out a $200,000 mortgage from their local credit union. The terms of the mortgage are 4.8% APR with monthly compounding and a 30-year term. How much principal will be paid in the first payment? (Round to the nearest dollar) $176 $278 $249 $257 $309
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