You want to buy a house, and have saved enough money to make a $50,000 down payment on the purchase price of a home. In looking at your present personal monthly budget, you determine that you can afford a mortgage payment of $1,500 each month. You have investigated mortgage loans and found a 30- year mortgage loan that charges interest at 6% per year compounded monthly. What is the most expensive house (list price of the house) that you can afford to purchase? (Note: ignore closing costs and other real estate/bank expenses)