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Suppose you want to buy a house with a 15 year loan with annual payments of $40,000 per year starting next year. Suppose you also

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Suppose you want to buy a house with a 15 year loan with annual payments of $40,000 per year starting next year. Suppose you also have made a down-payment of the house of $60,000 to lower your monthly loan payments. The interest rate on the loan is 5%. Find the value of the house you purchased

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