Business, 24.10.2019 20:43 milkshakegrande101

Barb and bob want to purchase a new home but don't know how much mortgage they can qualify for. the lender requires total installment loan payments not exceed 35% of gross monthly income. based on barb and bob's financial data below, what is the maximum monthly mortgage payment for which they can qualify?

monthly gross income $4,000
car payment $350
student loan payment $200
$850

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Barb and bob want to purchase a new home but don't know how much mortgage they can qualify for. the...