Assume Sarah can afford to make mortgage payments of $1,550 per month, and that the market rate of interest is 8% for monthly payment loans with terms of 30 years. If she must pay 20% of the purchase price of the house as a down payment, what is the most expensive property she can buy? (Be careful not to make an algebra mistake as you calculate the final answer.) Enter your answer to the nearest penny with no punctuation other than a decimal point. Do not enter commas or dollar signs