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You borrow money from your bank to purchase a house. You are offered the following information. Find out the price of house based on the

You borrow money from your bank to purchase a house. You are offered the following information. Find out the price of house based on the table, i.e., find out PV of the loan. Assume that there is no down payment and ignore any tax or insurance payments on this loan.


Period 30 Years
Interest Rate (APR) 4.5%
Monthly Payments $3,500

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