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A buyers's gross income is 90,000 per year. She pays 300 for a car loan and 200 for her student loan. When she applies for
A buyers's gross income is 90,000 per year. She pays 300 for a car loan and 200 for her student loan. When she applies for a mortgage the bank reuqires a maximum debt-to-income ratio of 36% on all debt, and a maximum 28% debt-to-income ratio for housinf debt. What is the maximum monthly house payment the bank will approve? A 1600 B 2700 C 2100 D 2200
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