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The Adeeva's gross monthly income is $ 5 2 0 0 . They have 1 8 remaining payments of $ 3 0 0 on a

The Adeeva's gross monthly income is $5200. They have 18 remaining payments of $300 on a new car. They are applying for a 15-year, $84,000 mortgage at 6.5%. The taxes and insurance on the house are $360 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Complete parts (a) through (c) below.
Click the icon to view the table of monthly payments.
a) Determine 28% of the Adeeva's adjusted monthly income.
$ (Round to the nearest cent.)
b) Determine the Adeeva's total monthly mortgage payment, including principal, interest, taxes, and homeowners' insurance.
$ (Round to the nearest cent.)
c) Do they qualify for this mortgage?
Yes
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