11.3d04 Solve the problem.
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?
Select one:
a. Yes
b. No