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WendeII is looking into buying a new car. His gross monthly income is $5,400 and his take-home pay is $3,240. He has monthly mortgage payments,
WendeII is looking into buying a new car. His gross monthly income is $5,400 and his take-home pay is $3,240. He has monthly mortgage payments, heating and property taxes totaling Sl,400 and other outstanding loans requiring payments of $270 per month. His bank requires a IDSR of 35%. What is maximum amount of monthly car payment that Wendell can afford?
(A) $864.00
(B) $220.00
(C) S219.78
(D) $130.24
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