Question: I just need an explanation with the answer on number 25. Thanks 25) Thomas Williams' gross monthly income is $4000. He has 14 remaining payments

I just need an explanation with the answer on number 25. Thanks

25) Thomas Williams' gross monthly income is $4000. He has 14 remaining payments of 25) $252 on a new car. The taxes and insurance on the house are $95 per month. Thomas wants a 20-year, $116,000 mortgage. Does he qualify for this mortgage with a 9.5% interest rate

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