The Adeeva's gross monthly income is $4200. They have 18 remaining payments of $370 on a new car. They are applying for a 30-year, $122,000 mortgage at 6.5%. The taxes and insurance on the house are...

Extracted text: The Adeeva's gross monthly income is $4200. They have 18 remaining payments of $370 on a new car. They are applying for a 30-year, $122,000 mortgage at 6.5%. The taxes and insurance on the house are $370 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Complete parts (a) through (c) below. E Click the icon to view the table of monthly payments. a) Determine 28% of the Adeeva's adjusted monthly income. $ (Round to the nearest cent.) b) Determine the Adeeva's total monthly mortgage payment, including principal, interest, taxes, and homeowners' insurance. $ (Round to the nearest cent.) c) Do they qualify for this mortgage? O No O Yes