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Mortgage Payment. Dorothy and Matt are ready to purchase their first home. Their current monthly cash inflows are $ 5 , 0 0 0 ,

Mortgage Payment. Dorothy and Matt are ready to purchase their first home. Their current monthly cash inflows are
$5,000, and their current monthly cash outflows are $3,752. Their rent makes up $650 of their cash outflows. They
would like to put 10% of their cash inflows in savings and put another $200 per month in their checking account for
emergencies. How much of a mortgage payment can they manage under these conditions?
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