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Mathematics
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OpenStudy (anonymous):
ebecca and Tom Payton have decided to buy a home that costs $200,000. The Paytons can put down 20% of the home's price. They have applied for a 15-year, 9% FRM to finance the balance. They Paytons have a combined gross annual income of $70,000. what is the maximum amount the Paytons should pay each month, according to the 28% rule What will the Payton's monthly payment be and will that meet the 28% debt requirement?
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