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The Adeeva's gross monthly income is $5000. They have 18 remaining payments of $330 on a new car They are applying for a 15-year 500.000

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The Adeeva's gross monthly income is $5000. They have 18 remaining payments of $330 on a new car They are applying for a 15-year 500.000 mortgage at 75% The taxes and insurance on the house are $340 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 20% of their adjusted monthly income Click here for table of Monthly Payments a) Determine 28% of the Adeeva's adjusted monthly income (Round to the nearest cont.) 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? O No Yes

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