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Suppose you want to buy a house and can afford monthly payments of principal and interest of about $1000. If you finance the loan over

Suppose you want to buy a house and can afford monthly payments of principal and interest of about $1000. If you finance the loan over 20 years at 12%, what is the maximum price you could pay, that is how much is your loan amount you need to borrow to buy the house, assuming no down payments?

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