Jow $($age: $35)$ has accumulated $$80,000$ as the down payment for property

acquisition. Based on his current income, Jow can only repay a monthly

installment of $$2,000.$ Assuming the bank is charging an interest rate of $12\%$

p$.$a$.$ compounding monthly, and the maximum loan term is $30$ years or up to the

age of $60$ whichever is earlier. Compute the maximum value of property Jow

afford to purchase. $($Additional information: the loan is to be repaid in equal

installments at the end of every month$).$