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Joe Smith earns $72,000 per year. His bank uses a rule that PITI must be equal to or less than one third of gross monthly
Joe Smith earns $72,000 per year. His bank uses a rule that PITI must be equal to or less than one third of gross monthly income. If his home owner's insurance is $100 per month, roughly how much of a monthly payment can Joe afford including taxes over and above the $100 for insurance? O $2,000 O $1,900 O $1,800 O $1,000 4
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