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Suppose you take a 1 0 - year mortgage for a house that costs $ 2 3 3 , 7 9 1 . Assume the

Suppose you take a 10-year mortgage for a house that costs $233,791. Assume the following:
The annual interest rate on the mortgage is 3.4%.
The bank requires a minimum down payment of 13% of the cost of the house.
The annual property tax is 1.9% of the cost of the house.
The annual homeowner's insurance is $666.
The monthly PMI is $93.
Your other long-term debts require payments of $1,520 per month.
If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 36% rule?
Round your answer to the nearest dollar.

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