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Noel and Herman need to replaceNoel's car. But with the furniture and appliancepayments, the credit cardbills, andHerman's carpayment, they are uncertain if they can afford

Noel and Herman need to replaceNoel's car. But with the furniture and appliancepayments, the credit cardbills, andHerman's carpayment, they are uncertain if they can afford another payment. Theauto-financing representative hasasked, "What size payments are you thinkingof?" Current payments(excluding the potential cost ofNoel's car) total $374 of their$2,570 combined monthlytake-home pay. Calculate the debt limit ratio to help them decide about the car purchase and answer thequestion, "What size payments are you thinkingof?" by first assuming a 15 percent limit and then"stretching" it to a 20 percent limit.

Based on a15% limit, the maximum car payment that Noel and Herman can afford for a car for Noel is $____. (Round to the nearestcent.)

based on 20% limit etc.. ?

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