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You just bought a house. You paid a down payment of 10% of the house value and borrowed the remaining 90% through a 30-yr loan
You just bought a house. You paid a down payment of 10% of the house value and borrowed the remaining 90% through a 30-yr loan with a nominal 6%/yr interest compounded monthly, your mortgage payments will be $1000/month. How much did the house cost? PLEASE USE FORMULAS.
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