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OpenStudy (anonymous):
The Govonis' monthly income is $10,000. They have 13 remaining payments of $245 on a new car and 15 payments of $63 remaining on their living room furniture. The taxes and insurance on the house are $135 per month. The Govonis want a 30-year, $291,000 mortgage. Do they qualify for this mortgage with a 10.5% interest rate?
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