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Morris paid 500 a month for 15 years to pay off the mortgage on his Glasgow house. If his down payment was 4000 and
Morris paid 500 a month for 15 years to pay off the mortgage on his Glasgow house. If his down payment was 4000 and the interest rate was 6 percent compounded monthly, what was the purchase price of the house? The purchase price was (Round to the nearest whole number as needed.)
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