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Advice from most financial advisers states to spend no more than 25% of one's gross monthly income for one's mortlgage paynient. and to spend no

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Advice from most financial advisers states to spend no more than 25% of one's gross monthly income for one's mortlgage paynient. and to spend no more than 36% of cae's gross micnthly income for one's total munthly debt Suppose a famiy has a gruss annual income of $48,000 a. What is the mavimum amount the family should spend each month on a morigage payment? b. What is the maximum amount the family should spend each month for lotal credit obligaticns? c. If the famly/s monthly enortgage poyment is 80% of the maximunn they can allotd. What is the maximum amount they should spend each inanth for all other debt? a. The mainum monthy mortgage payment should bes b. The maximum moothly total credit obligations should be 3 c. The maximum amount they should spend monthy on al other debt is

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