Question: Using the maximum ratios for a conventional mortgage, how big amonthly payment could the Sanchez family afford if their gross(before-tax) monthly income amounted to $3,500?

Using the maximum ratios for a conventional mortgage, how big amonthly payment could the Sanchez family afford if their gross(before-tax) monthly income amounted to $3,500? (Hint: Monthlymortgage p 2 answers

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