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Advice from moct financial advisers states to spend no more than 2 8 % of one's gross monthly income for one's mortgage payment, and to

Advice from moct financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, and to spend no more than 36% of one't alobe monthly income for one's total monihly debt. Suppose a fanly has a gross annual ncome of $39,600.
a. What is the maximum amount the famlly should spend each monith on a mortgage payment?
b. What is the maximum amount the family should spend each month for total credit obligations?
c. If the family's monthly morigage payment is 80% of the maximum they can afford, what is the maximum amount they should spend each month for all other debt?
a. The maximum monthly mortgage payment should be $
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