Calculate the gross debt service

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Reference no: EM132836622

Question - Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data.

Monthly mortgage payment = $2,200

Property taxes = $220

Heating costs = $135

Personal loan payment = $170

Car loan payment = $220

Credit card payment = $170

Gross monthly household income = $8,800

Reference no: EM132836622

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