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The Adeeva's gross monthly income is $3900. They have 18 remaining payments of $240 on a new car. They are applying for a 15-year, $89,000

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The Adeeva's gross monthly income is $3900. They have 18 remaining payments of $240 on a new car. They are applying for a 15-year, $89,000 mortgage at 7.0%. The taxes and insurance on the house are $380 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, properly taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Determine 28% of the Adeeva's adjusted monthly income. $ Determine the Adeeva's total monthly mortgage payment, including principal interest, taxes, and homeowners' insurance. $ Do they qualify for this mortgage? No Yes

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