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Word Problem $18-12($Algo$)[$LU $18-1(3)]$

$16\mathrm{.}66$

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Joe Levi bought a home in Arlington, Texas, for $$147,000.$ He put down $25\%$ and obtained a mortgage for $30$ years at $8\%.$ What is the difference in interest cost over the life of the loan if he had obtained a mortgage rate of $6\%?$

Note: Do not round intermediate calculations. Round your answer to the nearest cent.

Difference