In 2000, the median home price in a certain city was about $330,000, and from 2000 to 2006, home prices in this city rose at an average rate of about 11.2% per year. If prices had continued to rise at that rate, what would the median home price have been in 2016? Compare to the actual median price of about $400,000 in 2016. The median home price would be approximately $ million in 2016. (Round to two decimal places as needed.)