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Your new 30-year mortgage includes borrowing $425,000 at an APR of 4.78%. If you paid 20% down when you bought this house, and if the value of the property grows at about 3.0% a year, how much will you have to invest if you seel the house after 14 years? (Ignore here any taxes or fees on the purchase or sale of the house.)

Do not round the intermediate calculations. Enter your answer, however, as a dollar number rounded to the nearest whole dollar. Nodecimals, in other words. Do not enter dollar signs or commas.

Numeric Response