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Advice from most 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 most 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's
gross monthly income for one's total monthly debt. Suppose a family has a gross annual income of $39,600.
a. What is the maximum amount the family should spend each month 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 mortgage 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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