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You want to purchase a house: your maximum monthly payment is $3,000, and you also have a saving of $150,000 as the down payment. You

You want to purchase a house: your maximum monthly payment is $3,000, and you also have a saving of $150,000 as the down payment. You apply for a 30-year fixed mortgage loan with APR 6.99%. What is the maximum house price you can afford to buy?

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