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Mortgage Payment. Dorothy and Matt are ready to purchase their first home. Their current monthly cash inflows are $4,700, and their current monthly cash

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Mortgage Payment. Dorothy and Matt are ready to purchase their first home. Their current monthly cash inflows are $4,700, and their current monthly cash outflows tempt are $3,355. Their rent makes up $611 of their cash outflows. They would like to put 10% of their cash inflows in savings and put another $188 per month in their checking account for emergencies. How much of a mortgage payment can they manage under these conditions? Chapte 04/07/ Under these conditions, they can manage a mortgage payment of $ (Round to the nearest dollar.)

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