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Silvia and Jason would like to purchase a home with the following monthly expenses: Principal and interest $980 Homeowner's insurance $350 Real estate taxes $265

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Silvia and Jason would like to purchase a home with the following monthly expenses: Principal and interest $980 Homeowner's insurance $350 Real estate taxes $265 Utilities $205 in order to qualify for a loan if the The couple needs to have an annual gross income of at least minimum ratio requirement is 26 percent. (Show computations below) 1 x A- F T: B I U X2 x X

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