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Antwer 11. Rey and Kylo are considering buying a house and are researching the potential costs. Their adjusted gross income is $135,511. The monthly mortgage

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Antwer 11. Rey and Kylo are considering buying a house and are researching the potential costs. Their adjusted gross income is $135,511. The monthly mortgage payment for the house they want would be $1.233. The annual property taxes would be $9,400, and the homeowner's insurance premium would cost them $876 per year. Their front-end ratio must be less than 28%. Will the bank lend them $190,000 to purchase the house? Explain. One indicator is the front-end ratio, which is a ratio of month expenses to monthly gross income. Araw

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