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Duane Miller wants to know what price home he can afford. His annual gross income is $63,600. He has no other debt expenses and expects

Duane Miller wants to know what price home he can afford. His annual gross income is $63,600. He has no other debt expenses and expects property taxes and insurance to cost $420 per month. He knows he can get a 7.00%, 15 year mortgage so his mortgage payment factor is 8.98. He expects to make a 10% down payment. What is Duane's affordable home purchase price? (Round your answer to the nearest whole dollar.)

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