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Question is in the screenshot with table included. Use the following amortization chart ! Selling price* Down Principal Rate of Payment per Monthly mortgage* of

Question is in the screenshot with table included.

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Use the following amortization chart ! Selling price* Down Principal Rate of Payment per Monthly mortgage* of home payment ( loan ) interest Years 51, 000 payment $ 75, 000 $ 4,000 $ 71, 000 5.5% 30 $ 5. 68 $ 403. 28 Assume the interest rate rises to 7% . What is the total cost of interest with the new interest rate ? ( Use Table 15 . 1 1 . ( Do not round intermediate calculations . Round your final answer to the nearest cent . !" Total cost of interest. . Student Home - tulsacc. edu X| Chapter 15 Practice* table 15_ 1 . JPG 1894* 363 )| * @ Use The Following Amortizacion Hero - Scholarships X| @ Complete The Following Tab X|\\ + * * @ @ Not Secure / ezto - of - media . mheducation . com / Media / Connect _ Production / bone / Slater _12 @ / table 15 - 1 . JPG TRY\\ }\\}| 15. 1\\\\ Amortization table ( mortgage principal and interest per $1 , 000 ) LELALL LO` File` 9% 10 9.89 10.61 10.86 11. 11 11:36 11.62 11.88 12.14 12.40 12.67 12.94 13.22 13. 78 12 8.52 9.25 9.51 9.76 10.02 10.29 10.56 10. 83 11: 11 11.39 11.67 11.96 12.25 12.54 15 7. 15 1.91 8. 18 8.44 8.99 9. 28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 17 6. 52 7.29 7.56 7. 84 8. 12 8.40 8. 69 8.99 9.29 9.59 9.90 10. 22 10.54 10. 86 20 5.80 6. 50 6.88 7. IT 7:46 7.76 8. 06 8.37 8. 68 9.00 9.35 9.66 9.99 10.3.3 22 5.44 6.20 6.51 6. 82 7. 13 7.44 7.75 8. 07 8. 39 8.72 9.05 9.39 9.73 10. 08 25 5. 01 5. 85 6.15 6.45 6.76 7 . 07 7.39 7.72 8. 06 8.40 8. 74 9.09 9.45 9.81 30 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 8. 41 8.78 9. 15 9.53 35 3.99 5.05 5. 3.8 5.71 6.05 6.39 6.75 7. 11 7.47 7. 8 4 8 . 22 8.60 8. 99 9.37

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