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please slove it step by stepthanks Q3: If a household has saved $50,000 for a deposit on a house and can afford to make $3,200

please slove it step by stepthanks
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Q3: If a household has saved $50,000 for a deposit on a house and can afford to make $3,200 monthly loan payments and can obtain a loan for a 25-year term at 6% interest rate. What is the maximum price the household can offer to buy a house? Round your answer to two decimal places

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