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Assume Sarah can afford to make mortgage payments of $1,650 per month, and that the market rate of interest is 8.6% for monthly payment loans
Assume Sarah can afford to make mortgage payments of $1,650 per month, and that the market rate of interest is 8.6% 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 assuming she has the 20% downpayment on hand?
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