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Assume the interest rate rises to 7.0%. What is the total cost of interest with the new interest rate? (Use Table 15.1) NOTE: Round your

Assume the interest rate rises to 7.0%. What is the total cost of interest with the new interest rate? (Use Table 15.1) NOTE: Round your intermediate calculations and final answer to the nearest cent.
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Use the following amortization chart: Assume the interest rate rises to 70%. What is the total cost of interest with the new interest rate? (Use Table 15.1). Note: Round your intermediate calculations and finol onswer to the nearest cent

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