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Use the following amortization chart: table [ [ Selling price,Rate of , , Monthly mortgage ] , [ of home,Down payment,Principal ( loan )
Use the following amortization chart:
tableSelling price,Rate ofMonthly mortgageof home,Down payment,Principal loaninterest,Years,Payment per $payment,,,,,$$$$$
Assume the interest rate rises to What is the total cost of interest with the new interest rate? Use Table Note: Round your intermediate calculations and final answer to the nearest cent.
Total cost of interest
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