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You can afford $1,000 per month as a house payment. If you can get a home loan at 7.5% interest for 30 years (paid monthly),
You can afford $1,000 per month as a house payment. If you can get a home loan at 7.5% interest for 30 years (paid monthly), how expensive of a home can you afford? In other words, what amount loan can you pay off with $1,000 per month for 30 years?
Round your answer to two decimal places. Do not include the $ sign in your answer.
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