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2. You want to buy a house. You can make an initial payment of $200,000 and...

2. You want to buy a house. You can make an initial payment of $200,000 and can afford monthly payment of $1,800. If the APR of the mortgage loan is 4.8% and you finance the purchase over 30 years (360 months), what is the maximum price you can pay for the house?

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