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Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $45,600....

Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $45,600. She has $780 per month of other debt and expects her property taxes and homeowners insurance to cost $310 per month. She knows she can get a 11.00%, 30-year mortgage so that her mortgage payment factor is $9.52. She expects to make a 10% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.)
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