a lakefront house in Kingston Ontario is for sale with an asking price of 670000$. the real estate market has been quite active so the house will almost certainly attract several offers, and may sell for more than the asking price. Charlie is very eager to purchase this house, but is concerned that he may not be able to afford it. he has 120000$ available for a down payment, and can pay up to 3000$ per month on a mortgage loan. as Charlie is a long time customer, his bank has offered him a great mortgage rate of 2.20 percent on a one year term. if the loan will be amortized over 20 years, what is the most that Charlie can afford to pay for the house?