Use the following amortization chart: Selling price Down Principal Rate of Payment per Monthly mortgage of home payment (loan) interest Years $1,000 payment $ 83,000 $ 5,000 $ 78,000 5% 30 $ 5.37 $ 418.86 Assume the interest rate rises to 6.5%. What is the total cost of interest with the new interest rate? (Use Table 15.1.) (Do not round intermediate calculations. Round your final answer to the nearest cent.) Total cost of interest TABLE 15-1 Amortization table (mortgage principal and interest per $1,000) INTEREST Term in years 31% 5% 51% 6% 61% 7% 8% 81% 9% 91% 10% 101% 11% 10 9.89 10.61 10.86 11.11 11.36 11.62 1.88 12:14 1240 12 67 1294 13.22 13.50 13.78 12 8.52 9.25 051 976 10.02 10.20 0.56 10.83 11:11 11.30 11.67 11:06 12 25 12.54 15 7.15 7.91 8.18 8:44 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11:37 17 6.52 7.29 P.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 6.60 6.88 7.17 7.46 7.76 8.06 8.37 8.68 9.00 9.33 9.66 9.99 1033 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 8.40 874 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 5.38 571 6.05 6.39 6.75 7.11 7:47 7.84 8.22 8.60 8.99 9.37