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Karen would like to purchase a new house. She can make a down payment of $35,000 and pay her parents offered to pay her closing

Karen would like to purchase a new house. She can make a down payment of $35,000 and pay her parents offered to pay her closing costs, but she will finance the remainder at 4.99% APR, compounded monthly, for 30 years. She would like her monthly payment to be $1400. She would like you to find the price she can offer to a buyer on a house to meet her monthly payment goal. Write the appropriate formula, filling in all known values. Use the calculator to get an approximation (to the nearest dollar), and answer the question with a complete sentence. Show all work.

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