You want to buy a house. Like most people, you may not have enough money to pay cash for the house. In that case, you can apply for a mortgage at your local bank. Imagine your mortgage can be up to 35% of your monthly salary. That amount is called your maximum monthly mortgage payment. If you make $41,600 a year, what is your maximum monthly mortgage payment going to be? Round your answer to the nearest dollar. $3,467 $14,560 $897 $1,213

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