You have been graced with the prize of 2000 euros per month for the entire

life of Nescaf, and with this prize you have decided to buy the house of your

dreams.

Assuming that your additional life expectancy is 60 years, and that the

bank accepts such a long-term mortgage, with a guarantee of the good

property. What is the maximum amount of money you can count on for the

house purchase?

The interest rate applied by the bank in this operation is 3%

annual cash, and the loan repayment payments are monthly.