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Michelle Duncan wants to know what price home she can afford. Her annual gross income is $43,800. She owes $660 per month on other debts

Michelle Duncan wants to know what price home she can afford. Her annual gross income is $43,800. She owes $660 per month on other debts and expects her property taxes and homeowners insurance to cost $250 per month. She knows she can get an 9.00%, 30-year mortgage so her mortgage payment factor is 8.05. She expects to make a 30% down payment. What is Michelle's affordable home purchase price

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