21.

A young graduate is saving for house on Lake Hartwell. The young graduate is planning on saving $1,431.00 each quarter for 14.00 years in an investment account paying 8.12% interest that is compounded quarterly. His first deposit will be made at the end of the next quarter, so this is a regular annuity. In 14.00 years, he also plans on being able to afford a 15-year mortgage with $1,628.00 monthly payments at a 5.64% APR interest rate. Given the graduate's plans, how expensive of a lake house will he expect to be able to purchase? (assume that the house price will be the value of the savings and the loan) Submit Answer format: Currency: Round to: 2 decimal places