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Joe Levi bought a home in Arlington, Texas, for $161,000. He put down 30% and obtained a mortgage for 30 years at 681%. What is
Joe Levi bought a home in Arlington, Texas, for $161,000. He put down 30% and obtained a mortgage for 30 years at 681%. What is the difference in interest cost if he had obtained a mortgage rate of 521% ? (Use Table 151.) Note: Use 360 days a year. Round your intermediate calculations and final answer to the nearest cent
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