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The Adeeva's gross monthly income is $ 6 3 0 0 . They have 1 8 remaining payments of $ 3 1 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.
Click here for 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
No
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