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Imagine your favorite ocean - front house on Munster Beach becomes available for sale. You currently have $ 5 0 , 0 0 0 of

Imagine your favorite ocean $-$ front house on Munster Beach becomes available for sale. You currently have $ $50, 000$ of savings ready to go $.$ Also, your monthly budget would allow to pay to $ $500$ per month towards a $20 -$ year mortgage on this house. Finally, you are guaranteed to win the lottery in $10$ years from today, providing you with $ $100, 000$ at that time, and you can borrow against this money. Interest rates for any type of loan or investment sit at $5 %,$ compounded semiannually.

What is the maximum price you could afford to buy this house?

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