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You are about to sign a 30-year mortgage contract. The terms are: Down payment= 25% Monthly payments of $1,800 First payment starts one month away

You are about to sign a 30-year mortgage contract. The terms are:

Down payment= 25%

Monthly payments of $1,800

First payment starts one month away from today

Interest rate = 3.6% APR

WHAT IS THE VALUE OF THE HOUSE TODAY?

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