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Assuming a 30-year fixed-rate mortgage loan with a monthly payment of $1,200 and an interest rate of 6%, what is maximum house price for the

Assuming a 30-year fixed-rate mortgage loan with a monthly payment of $1,200 and an interest rate of 6%, what is maximum house price for the mortgage if a 6.7% down payment is required? (The answer should be rounded to TwO (2) decimals without the s sign.)

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