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I was calculating the total price of a home I could afford based on a
mortgage payment and then I got curious what the value would be if I added a 6% down payment into the mix so that it would return me to my original price. For example: If the value is $250,000 and I increase it by 6% the value goes up to $265,000. But if I subtract 6% from $265,000 I end up with $249,100. How can I properly calculate the increase so that it will return me to my original amount of $250,000? |
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