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Calculating the gds and tds ratios

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Question 1: Calculating the GDS and TDS Ratios: Calculate the gross debt service (GDS) and the total debt service (TDS) ratios for the following data.

Monthly mortgage payment = $2100

Property taxes = $200

Heating costs = $115

Other housing costs = $70

Personal loan payment = $150

Car loan payment = $200

Credit card payment = $150

Gross monthly household income = $7800

Reference no: EM132544245

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