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Problem 9 - 4 Estimating a Monthly Mortgage Payment [ LO 9 - 4 ] Estimate the affordable monthly mortgage payment, the affordable mortgage amount,

Problem 9-4 Estimating a Monthly Mortgage Payment [LO9-4]
Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. (Refer to Exhibit 9-8 and Exhibit 9-9.)
Note: Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole number.
\table[[,Mortgage costs],[Monthly gross income,$1,950
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