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The Flenderson's have a gross monthly income of $5,900. They have 13 payments of $160 a month remaining on a student loan and 20 payments

The Flenderson's have a gross monthly income of $5,900. They have 13 payments of $160 a month remaining on a student loan and 20 payments of $310 a month on a car loan.

A) What is 28% of their adjusted monthly income?

B) The Flenderson's want a 20-year fixed-rate mortgage. They wish to buy a house at a price of $189,000. If they make a 25% down payment, then they can find a mortgage with an interest rate of 5%. Calculate their monthly principal interest payment for the remaining 75% of the house price.

C) If insurance and taxes sum to $240 each month, calculate the Flenderson's total monthly mortgage payment.

D) Do the Flenderson's earn enough money to qualify for this mortgage?

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