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Mathematics, 26.02.2021 23:30 KingOfLaBron23
Sheila's gross income is $3500. She has 16 remaining payments of $166 on a used car. Round all answers to the nearest cent (i. e. to the hundredths place). a) Determine Sheila's adjusted monthly income. $ b) What maximum monthly payment would a bank feel that Sheila can afford? $ c) Let's assume Sheila is looking to buy a condo for $160,000 with no money down. The bank can provide a 20-year mortgage at 4.5% interest. Find the monthly payment of this mortgage using the table from section 11.5. $ d) Would Sheila qualify for this mortgage? (yes or no)
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Sheila's gross income is $3500. She has 16 remaining payments of $166 on a used car. Round all answe...
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