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Assume that Sarah can afford to make mortgage payments of $1,550 per month, and that the market rate of interest is 8% for monthly payment loans with terms of 30 years. If she must pay 20% of the purchase price of the house as a down payment, what is the most expensive property she can buy? Enter your answer to the nearest penny with no punctuation other than a decimal point. Do not enter commas or dollar signs.

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