The Canada Mortgage and Housing Corporation (CMHC) recommends that monthly housing costs, including monthly mortgage payments, property
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The Canada Mortgage and Housing Corporation (CMHC) recommends that monthly housing costs, including monthly mortgage payments, property taxes, and heating expenses, should not exceed 32% of a family's gross monthly income. Using this guideline, Marina and Salvatore have determined that their monthly housing costs should not exceed $2323. To the nearest dollar, what is Marina and Salvatore's combined gross monthly income?
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Given Rate 32 and Portion 2323 Rounded t...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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