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You want to buy a house. The bank will lend you 75% of the purchase price. You can afford a monthly payment amount of

You want to buy a house. The bank will lend you 75% of the purchase price. You can afford a monthly payment amount of $2,188.40. The mortgage rate is 5.75% APR. Assume a 30 year loan with monthly payments. What is the value of the house that you can afford? Round to the nearest dollar and use the $ symbol.

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