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Joe Levi bought a home in Arlington, Texas, for $148,000. He put down 30% and obtained...

Joe Levi bought a home in Arlington, Texas, for $148,000. 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? (Round your intermediate values and final answer to the nearest cent.) b. What is the total interest cost of the loan? (Use 360 days a year. Round your intermediate values and final answer to the nearest cent.)

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