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Use the following advice from most financialadvisors to solve the problem. Spend no more than 28% ofyourgross monthly income foryourmortgage payment Spend no mom than

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Use the following advice from most financialadvisors to solve the problem. Spend no more than 28% ofyourgross monthly income foryourmortgage payment Spend no mom than 36% ofyourgeocc month income foryour totalmonthly debt. Round allcalculations to the nearestdollar, if necessary. 6) Suppose that your gross annualncome is $60,000. (a) Whatis the maximum amountyou should spend each month on a mortgage payment b) Whatis the maxin um amount you should spend each month for totalcredit obligations? (c) If your monthly mortgage paymentis 75of the maxin um amountyou can afford, whatis the maxim um amount you should spend each month forallo therdebt A) (a) $1400; 6) $1800; (c) $750 B) (a) $16,800; 6) $21,600; (c) $9000 c) a) $1400; 6) $1800; (c) $50 D) (a) $1400; $) $1800; (c) $1050

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