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Michelle Duncan wants to know what price home she can afford Her annual gross income is $51,000. She owes $840 per month on other debts and expects her property taxes and homeowners insurance to cost $280 per month. She knows she can get an 50%, 30-year mortgage so her mortgage payment factor is 769. She expects to make a 20% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.) Multiple Choice 5775 S80 462 549,880 578,007 $775