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Use the following amortization chart: Assume the interest rate rises to 7.5%. What is the total cost of interest with the new interest rate? (Use

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Use the following amortization chart: Assume the interest rate rises to 7.5%. 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. Answer is complete but not entirely correct. TABLE 15.1 Amortization table (mortgage principal and interest per $1,000 )

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