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a ) In order to get a mortgage banks generally require that the total monthly payment be no more than 2 8 % of the

)

In order to get a mortgage banks generally require that the total monthly payment be no more than

28 %

of the family's gross monthly income. What must the monthly income be in order to buy a home where the monthly payment will be S

1150 . (

Round to the nearest dollar

) (3

pts

)

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