Question: 1 6 points Return to question Joe Levi bought a home in Arlington, Texas, for $126,000. He put down 30% and obtained a mortgage

1 6 points Return to question Joe Levi bought a home in

1 6 points Return to question Joe Levi bought a home in Arlington, Texas, for $126,000. He put down 30% and obtained a mortgage for 30 years at 5.00%. (Use Table 15.1.) a. What is Joe's monthly payment? Note: Round your intermediate values and final answer to the nearest cent. Answer is complete and correct. Monthly payment $ 473.48 b. What is the total interest cost of the loan? Note: Use 360 days a year. Round your intermediate values and final answer to the nearest cent. Answer is complete but not entirely correct. Total interest cost $ 88,452.80 x

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