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Mrs Sy wishes to buy a house but only can afford monthly payments of $500. Thirty-year loans are available at 6% interest compounded monthly. If

Mrs Sy wishes to buy a house but only can afford monthly payments of $500. Thirty-year loans are available at 6% interest compounded monthly. If she can make a $5,000 down payment.

What is the price of the most expensive house that he can afford to purchase?

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