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Barb and Bob want to purchase a new home but don't know how much mortgage they can qualify for. The lender requires that total installment

Barb and Bob want to purchase a new home but don't know how much mortgage they can qualify for. The lender requires that total installment loan payments not exceed 35% of gross monthly income. Based on Barb and Bob's financial data below, what is the maximum monthly mortgage payment for which they can qualify? Monthly gross income $4, 000 Car payment 350 Student loan payment 200

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