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You think you can afford to make annual payments of $20,000 on a really nice house. The bank offers a 4% interest loan for 30

You think you can afford to make annual payments of $20,000 on a really nice house. The bank offers a 4% interest loan for 30 years. About what price house can you afford to purchase?

$450,000

$345,000

$259,000

$289,000

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