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Please help me solve this question, and show all work. Thank you :) The Adeeva's gross monthly income is $4200. They have 18 remaining payments

Please help me solve this question, and show all work. Thank you :) image text in transcribed
The Adeeva's gross monthly income is $4200. They have 18 remaining payments of $290 on a new car. They are applying for a 20-year, $110,000 mortgage at 7.0%. The taxes and insurance on the house are $340 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Complete parts (a) through (c) below. Click the icon to view the table of monthly payments, Determine 28% of the Adeeva's adjusted monthly income. $ 1094.80 (Round to the nearest cent.) b) Determine the Adeeva's total monthly mortgage payment, including principal, interest, taxes, and homeowners' insurance. $ 1192.83 Round to the nearest cent.) c) Do they quality for this mortgage? No Yes Monthly Principal and Interest Payment per $1000 of Mortgage Rate % 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 Number of Years 10 15 20 25 30 $9.65607 $6.90582 $5.54598 $4.74211 $4.21604 9.88859 7.14883 5.79960 5.00624 4.49045 10.12451 7.39688 6.05980 5.27837 4.77415 10.36384 7,64993 6.32649 5.55832 5.06685 10.60655 7.90794 6.59956 5.84590 5.36822 10.85263 8.17083 6.87887 6.14087 5.67789 11.10205 8.43857 7.16431 6.44301 5.99551 11.35480 8.71107 7.45573 6.75207 6.32068 11.61085 8.98828 7.75299 7.06779 6.65302 11.87018 9.27012 8.05593 7.38991 6.99215 12.13276 9.55652 8.36440 7.71816 7.33765 12.39857 9.84740 8.67823 8.05227 7.68913 12.66758 10.14267 8.99726 8.39196 8.04623 12.93976 10.44225 9.32131 8.73697 8.40854 13.21507 10.74605 9.65022 9.08701 8.77572 13.49350 11.05399 9.98380 9.44182 9.14739 13.77500 11.36597 10.32188 9.80113 9.52323 10.0 10.5 11.0 Question is complete. Tap on the Print Done

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