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Solve the problem. Monthly Payment per $1000 of Mortgage The Govonis' monthly income is $9000. They have 14 remaining payments of $269 on a new

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Solve the problem. Monthly Payment per $1000 of Mortgage The Govonis' monthly income is $9000. They have 14 remaining payments of $269 on a new car and 16 payments of $70 remaining on their living room furniture. The taxes and insurance on the house are $150 per month. The Govonis want a 25-year, $262,000 mortgage. Do they qualify for this mortgage with a 10% interest rate? Mon thly payment 25-year loan $8.73 $9.09 $9.45 $9.81 $10.16 1.01$10.53$10.29 $10.90 $11.28 30-year loan $8.41 $8.78 $9.15 $9.53 Interest 15-year 20-year rate 9-5% 100% 10. 5% 11. 0% 11. 5% r2 , 0% 12 . 5% 13.0% loan $10.45 $10.75 $11.06 $11.37 $11.69 $12.01 $12.33 $12.66 loan $9.33 $9.66 $9.99 $10.33 $10.66 $9.9 $11.36 $11.72 $10.67 $11.06

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