The McBertys have $30,000 in savings to use as a down payment on a new home. They also have determined that they can afford between $1,700 and $1,800 per month for mortgage payments. If the mortgage rates are 11% per year compounded monthly, what is the price range for houses they should consider for a 30-year loan? (Enter solutions from smallest to largest. Round your answers to the nearest cent.)
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