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Joe Levi bought a home in Arlington, Texas, for $140,000. He put down 20% and obtained a mortgage for 30 years at 5 1/2% (Use

Joe Levi bought a home in Arlington, Texas, for $140,000. He put down 20% and obtained a mortgage for 30 years at 5 1/2% (Use Table 15.1.) a. What is Joe's monthly payment? Note: Do not round Intermediate calculations. Round your answer to the

nearest cent. Monthly payment b. What is the total Interest cost of the loan? Note: Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent. Total interest cost
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