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Marie has an opportunity to buy a small house from a friend. She will make a 2 5 % down payment and the remaining will
Marie has an opportunity to buy a small house from a friend. She will make a down payment and the remaining will be financed with a mortgage calling for monthly payments over years at per annum interest. She is willing to put a maximum of $ per month towards the mortgage payment. What is the maximum sales price of the lake house that she can afford?
Round to decimal places and no dollar sign.
For example: if the answer is $ then write down
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