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kari74 [83]
2 years ago
14

Dorothy and matt are ready to purchase their first home. their current monthly cash inflows are $4900, and their current cash ou

tflow is $3650. their rent makes up $650 of their cash flows. they would like to put 10% of their cash inflows into savings and put another $200 into their checking account for emergencies. how much of a mortgage payment can they manage under these conditions.
Business
1 answer:
podryga [215]2 years ago
5 0
Current monthly cash inflows = $4,900

Current monthly cash outflows = $3,650.

Monthly Rent = $650

Monthly savings = 10% of their cash inflows = 10%...
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