Question: Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. Financial advisors suggest

Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. Financial advisors suggest spending no more than 5% of your gross monthly income for your mortgage payment. Question content area bottom Part 1 Choose the correct answer below. A. The statement is true because spending more than 5% of gross monthly income on mortgage payments can result in accumulating debt. B. The statement is false. The true statement is "Financial advisors suggest spending no more than 28% of your gross monthly income for your mortgage payment." C. The statement is false. The true statement is "Financial advisors suggest spending no more than 50% of your gross monthly income for your mortgage payment." D. The statement is false. The true statement is "Financial advisors suggest spending no more than 36% of your gross monthly income for your mortgage payment

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