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You can afford $1,500 per month as a house payment. If you can get a home loan at 5.4% interest for 30 years (paid
You can afford $1,500 per month as a house payment. If you can get a home loan at 5.4% 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 $1,500 per month for 30 years? Round your answer to two decimal places. Do not include the $ sign in your answer.
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