If a lender requires that mortgage payments cannot exceed 30% of gross income and total loan payments cannot exceed 38% of gross income,calculate the monthly payment for which a person with the following financial data could qualify.
Definitions:
Hostile Work Environment
A form of harassment in a workplace where the conduct creates an intimidating, hostile, or offensive environment for employees.
Disparate Treatment
A form of discrimination where an individual or group is treated less favorably than others based on prohibited grounds, such as race, age, or gender.
Burden of Proof
The obligation to present evidence to support one's claim or assertion, often resting on the party who initiates legal proceedings.
Non-Discriminatory Reasons
Justifiable reasons behind a decision or action that are not based on prejudice or bias against a particular group or individual.
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