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Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $ 4 5 , 0 0 0 . She

Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $45,000. She owes $550 per month on other debts and expects her property taxes and homeowner's insurance to cost $225 per month. She knows she can get an 8 percent, 30-year mortgage so her mortgage payment factor is 7.34. She expects to make a 20 percent down payment. What is Shakeia's affordable home purchase price? Do not round intermediate calculations and round your final answer to the nearest $100.
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