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You make $10,000 a month and wish to purchase a house. You have credit card, school loan, and car loan payments totaling $1,000 each month.

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You make $10,000 a month and wish to purchase a house. You have credit card, school loan, and car loan payments totaling $1,000 each month. You are considering a home that has monthly HOA fees of $100. The homeowner's insurance would be $200 per month and the property taxes would be $300 per month. You intend to make a 30% down payment. How much of your monthly income will be availble for principle and interest payments for your home loan? Multiple Choice $2.200 $2,000 $2,800 $3,600

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