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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 $ They have remaining payments of $ on a new car. They are applying for a year, $ mortgage at The taxes and insurance on the house are $ 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 of their adjusted monthly income. Complete parts a through c below.
Click the icon to view the table of monthly payments.
a Determine 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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