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step by step please Gary just graduated from college and has started his first job in sales. Based on conversations with his manager, Gary believes
step by step please Gary just graduated from college and has started his first job in sales. Based on conversations with his manager, Gary believes his income will increase substantially over the next couple of years. His current gross monthly income is $4,900. Although Gary's current car works fine, it does have a lot of miles on it. As a result, he would like to purchase a new car. Gary has some student loans, credit card debt, and a car loan. His monthly required payments are $155 for student loans, $100 for credit card debt, and $225 for his car loan. He has a roommate, and Gary currently pays $650 per month for his portion of the rent. If Gary wants to keep his debt-to-income ratio less than 37%, what is the maximum monthly payment that Gary could have on a new car loan? Assume that Gary could sell his current car and pay off the remaining balance of his current car loan. (Round answers to 0 decimal place, eg. 5275.) The maximum monthly payment that Gary could have on a new car loan is $
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