Ramon just got a new job as a bank loan officer. His gross income is $50,000 a year with a net income of $36,000. He has 2 current loans totaling $4,500 with monthly payments of $200. He
wants to buy a new boat worth $15,000. He will put $10,000 and get a loan for the rest. Can he do
this without going too much in debt? (Show math)