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You have saved $ 4 2 , 0 0 0 to make a down payment and pay the closing costs on your future home. Your

You have saved $42,000 to make a down payment and pay the closing costs on your future home. Your
bank informs you that a 20% down payment is required and that the closing costs should be $750 plus 4
points. What is the maximum price you can offer for a home to have enough money for the down
payment and the closing costs? Show all your work. Round your answer to the nearest dollar.
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