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Joe Levi bought a home in Arlington, Texas, for $132,000. He put down 30% and obtained a mortgage for 30 years at 5%. a. What

Joe Levi bought a home in Arlington, Texas, for $132,000. He put down 30% and obtained a mortgage for 30 years at 5%.

a.What is Joe's monthly payment?

b. What is the total interest cost of the loan?

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