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Tyler planned to buy a house but could afford to pay only $7,000 at the end of every 6 months for a mortgage with an
Tyler planned to buy a house but could afford to pay only $7,000 at the end of every 6 months for a mortgage with an interest rate of 5.50% compounded semi-annually for 25 years. He paid $25,750 as a down payment. What was the maximum amount he could afford to pay for a house?
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